Virtual Marketing Strategies, Inc.
Updated Filing received by DOL
Virtual Marketing Strategies, Inc., an administrative & support services employer in Indianapolis, Indiana, reported 161 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $262,793 in insurance premiums across 6 contracts and $87,862 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on February 3, 2026, within the extension window.
Who was paid on Virtual Marketing Strategies, Inc.'s plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Virtual Marketing Strategies, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Apex Benefits Group, Inc. · Indianapolis, IN | $63,894 | $6,334 | $70,228 | 6 |
| Alliant Insurance Services · Los Angeles, CA | $13,859 | $0 | $13,859 | 6 |
| Plainsight, Inc. · Pleasant Grove, UT | $0 | $2,346 | $2,346 | 4 |
| Plansight, Inc. · Pleasant Grove, UT | $0 | $1,429 | $1,429 | 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
Every insurance contract reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
| Carrier · coverage | Covered | Premium | Broker pay | Rate |
|---|---|---|---|---|
| Standard Insurance Companydental | 149 | $95,592 | $15,700 | 16.4% |
| Standard Insurance Companylife | 200 | $62,187 | $7,919 | 12.7% |
| Standard Insurance Companyshort-term disability | 112 | $49,524 | $8,535 | 17.2% |
| Standard Insurance Companylong-term disability | 200 | $41,720 | $7,174 | 17.2% |
| Standard Insurance Companyvision | 144 | $13,770 | $1,845 | 13.4% |
| Anthem Insurance Companieshealth, prescription drug, PPO | 315 | — | $46,689 | — |
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 Virtual Marketing Strategies, Inc. 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 | 129 | 161 | +24.8% |
| Premiums filed | $232,078 | $262,793 | not comparable |
| Broker commissions + fees | $48,484 | $87,862 | +81.2% |
| 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 |
|---|---|---|---|---|
| Momentum Life Sciences Welfare Benefit Plan#505 · insurance, general assets | June 30, 2025 | February 3, 2026 | within extension | 161 |
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 Virtual Marketing Strategies, Inc. pay in health insurance broker commissions in 2024?
Virtual Marketing Strategies, Inc.'s 2024 Form 5500 reports $87,862 in broker commissions and fees across 6 insurance contracts ($77,753 in commissions, $10,109 in fees), with Apex Benefits Group, Inc. receiving the largest share.
Is Virtual Marketing Strategies, Inc.'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 Anthem Insurance Companies.
How does Virtual Marketing Strategies, Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Virtual Marketing Strategies, Inc. because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 100-199 participants that disclosed broker pay reported a median of $53,852.
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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.