Vba Benefits Corporation
Updated Filing received by DOL
Vba Benefits Corporation, a finance & insurance employer in Glen Allen, Virginia, reported 7,348 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $536,306 in insurance premiums across 25 contracts and $158,093 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received an amended filing on October 22, 2025; the original filing date is not in the public dataset.
Who was paid on Vba Benefits Corporation's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Vba Benefits Corporation filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Vba Benefits Corporation · Glen Allen, VA | $110,427 | $0 | $110,427 | 16 |
| Marsh McLennan Agency · Raleigh, NC | $34,197 | $12,829 | $47,026 | 6 |
| Virginia Bankers Assoc · Glen Allen, VA | $640 | $0 | $640 | 1 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2024, as published in EBSA's 2024 "Latest" dataset. Part I names whoever the carrier paid, which can be a firm or an individual agent; both are public record. Amounts exclude pay from carriers not tied to a listed contract.
Insurance contracts and carriers
The 24 largest of 25 contracts reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
Source: DOL Form 5500 Schedule A, plan year 2024. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Vba Benefits Corporation compares
Medians across employers for plan year 2024, the most recent complete year. Commission rates use fully insured medical contracts only; dollar medians use every employer that disclosed broker pay.
Not computable: no insured medical premium on the filing.
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 8,743 | 7,348 | −16.0% |
| Premiums filed | $813,899 | $536,306 | not comparable |
| Broker commissions + fees | $86,172 | $158,093 | +83.5% |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2023 and 2024.
Filings and timeliness
Plans this employer filed under its EIN with a health benefit code. Large plans are due seven months after the plan year ends, or two and a half months later with an extension; amended filings carry the amendment date, so no timing is asserted for them.
| Plan | Plan year end | Received by DOL | Timing | Participants |
|---|---|---|---|---|
| Virginia Bankers Association Group Medical and Dental Trust#501 · amended · insurance, trust | December 31, 2024 | October 22, 2025 | amended filing; original date not in data | 7,348 |
| State Bankers Association Group Insurance Trust#502 · amended · insurance, trust | December 31, 2024 | October 9, 2025 | amended filing; original date not in data | 6,048 |
Source: DOL Form 5500 Part I and signature dates; "late" means received after the extended deadline (the 15th day of the tenth month after plan year end). What a late Form 5500 costs.
How much did Vba Benefits Corporation pay in health insurance broker commissions in 2024?
Vba Benefits Corporation's 2024 Form 5500 reports $158,093 in broker commissions and fees across 25 insurance contracts ($145,264 in commissions, $12,829 in fees), with Vba Benefits Corporation receiving the largest share.
Is Vba Benefits Corporation's health plan self-funded or fully insured?
The 2024 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Express Scripts, Inc., Hartford Life and Accident.
How does Vba Benefits Corporation's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Vba Benefits Corporation because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 5,000+ participants that disclosed broker pay reported a median of $458,262.
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Record built October 24, 2026 from U.S. Department of Labor, EBSA Form 5500 datasets (2025, 2024, 2023 plan years, 'Latest' files). Filings can run 7 to 10 months behind the plan year; always confirm against current plan documents. BenefitsLedger is not affiliated with the U.S. Department of Labor. Open the DOL filing search.