LEO INC.
EIN 04-2378885 · MA · Education — K-12
Benchmarked against: Education — K-12 · 101–500 employees · same industry, in-state · n=76 employers (your plan plus 75 peers)
107
(2022)
Self-fundedSelf-funded (incl. mixed, stop-loss and level-funded).
Funding
$5,171
Broker pay, employer-paid lines (2022)
$4.03
2022 · 5th pct vs peers · n=76
Lines disclosed: Dental · Vision · Life · Low disclosure
Broker pay as a share of insured premium: 6.3% (peer median 4.3%, 76th percentile).
Without the 16 low-disclosure peers, this plan is at the 2nd percentile of 60 comparable plans (your plan plus 59 peers).
Per-participant and share-of-premium comparisons differ because your plan insures fewer lines than most peers. The line-by-line rates below are the most direct comparison.
Showing 2022, the latest year with a complete peer group. A 2024 filing is on file and appears in broker history; it is not benchmarked yet.
Why 2022?
The figures above use 2022, the latest year we can compare with similar employers. A filing for 2023–2024 is on file. 2023 reports only a token amount of broker pay, under $5,000. That is too small to compare with other employers. 2024 reports only a token amount of broker pay, under $5,000. That is too small to compare with other employers. 2023 broker pay on file so far totals $3,632 across all lines, about 30% less than the $5,171 for 2022. 2024 broker pay on file so far totals $3,195 across all lines, about 38% less than the $5,171 for 2022. Rows for 2023–2024 stay in the broker history and stay out of the headline and the peer comparison.
Self-funded medical. This figure is commissions on the insured ancillary lines (life, disability, dental, vision, stop-loss). A self-funded employer's medical advisor is typically paid a fee outside these filings, so total broker pay is usually higher than the figure shown.
Broker commission rate by benefit line
What the broker earns on each insured line, as a share of that line's own premium — not a share of total broker pay, and not what the coverage cost. Peers for these tiles: same region, similar covered lives. Full table below. How the national rates are built.
Life
10.0%
Peer median 12.0%
Within peer rangeDental and Vision are filed only inside a bundled multi-line contract, so there is no single-line rate to compare. The bundle's effective rate is in the table below.
This page shows what was filed. The report shows what it means.
- What the gap is worth — the dollar difference vs. peer median, including a 3-year view
- The current structure compared against levels comparable plans actually reported
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Where the $5,171 across all lines goes
Each broker and each benefit line, in dollars
How much broker pay rides inside the premium
Base commission against bonuses and other carrier payments, all funded through premium
Whether this number is drifting
Compensation across every filed year, against the peer median
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Line-item breakdown, multi-year trend, and methodology-backed framing — ready for fiduciary oversight and recordkeeping.
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Benefits covered (latest filing)
From the Form 5500 welfare benefit codes — the authoritative list of what the plan covers, including medical (health).
Disclosure opacity
What this filing doesn't show
This filing discloses no compensation on a health or stop-loss contract for 2024 — the plan's largest lines are absent from the public record. That is typical for self-funded plans, not reassuring: 53% of self-funded health plans with 100+ participants disclose the same — nothing (42K plans reviewed, 2024 filings). How we count this. The compensation still exists — under ERISA Section 408(b)(2), it must be disclosed in writing to the plan fiduciary on request.
Get the 408(b)(2) disclosure request letter — a ready-to-send request for the compensation this filing doesn't show. Free with an employer account.
Broker history
Benefit lines covered by year — broker identity limited on public pages
Medical here is self-funded. The employer pays its own health claims (usually through a TPA), so there's no insurance contract for medical and it never appears on Schedule A. The itemized coverages in this filing are the insured ancillary lines — dental, vision, life, disability. Schedule C captures advisor pay two ways: paid directly from plan assets, or received indirectly from a carrier or vendor in connection with the plan. This plan has no Schedule C on file — so any advisor compensation beyond those ancillary lines isn't captured in this filing.
The 2024 filing reports only a token amount of broker pay, under $5,000. The analysis year is 2022, the latest year that is complete and benchmarked.
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Commission rates by benefit line
Each insured contract on the filing, with the broker's commission as a share of that contract's own premium. Premium is what was paid to the carrier for the coverage; only the commission column is broker pay.
Analysis year 2022 — the same year as the headline figure and per-participant rate above. The 2024 filing reports only a token amount of broker pay, under $5,000.
| Benefit line | Contract | Rate | vs. peers | Position |
|---|---|---|---|---|
| Lifefiled as “Life, Other (ACCIDENTAL DEATH AND …” | United of Omaha Life Insurance Company | 10.0% | med 12.0% | Within peer range |
Bundled and other contracts — no single-line peer comparison
A bundled contract covers two or more lines on one premium (for example Health + Dental). Its effective rate is the commission on the whole premium; it is shown for completeness and never compared with single-line peers, because the mix of lines inside the bundle sets the rate as much as the broker does.
| Covers | Contract | Effective rate | vs. peers |
|---|---|---|---|
| Dental + Vision | Blue Cross Blue Shield of Massachusetts, Inc.Plan 502 | 5.1% | Bundled; no single-line peer |
How the peer group for each line was built
- Life: n=2,389 contracts, Northeast, 101-500 covered lives
n = the number of peer contracts in that comparison group.
Everything in this table is from the 2022 filing. These 2 contracts are a subset of the broker compensation disclosed for that year. The remainder sits on contracts with no premium reported or on Schedule C service-provider fees, which carry no contract rate. 2024 is not rated here. Its rows appear in Broker history above as filed — pick 2024 on the year chips there to see them.
Peer comparison here is contract-level: each line is matched to single-line contracts covering a similar number of lives. The geography and size band come from that cell's generated scope label. That is a different group from the plan-level peer set, which compares employers on total broker cost per employee, so the two sample sizes are not expected to agree. The national table on the research page includes every single-line contract on that benefit line. Company pages use the tightest cell with at least 10 contracts — region and size when those exist, otherwise national. The two medians answer different questions, so they are not expected to match. Contracts under $10,000 in premium are listed for completeness, with no rate or peer position.
Plans on file
Expand a plan to see its insured contracts and year-over-year history — the details someone on the plan can recognize and verify.
PN 502LEO, INC. WELFARE BENEFIT PLAN114 participants (2024)HealthDentalLife insuranceShort-term disabilitySeveranceSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file
Loading contracts…
Covers = benefits reported on the Form 5500 (welfare benefit codes). Contracts = insured lines itemized on Schedule A; a self-funded medical line never appears there.
At a glance
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How do similar employers compare?
Employers in the same peer group (Education — K-12, similar size), from public Form 5500 filings. Open one to see what it pays its broker.
- MULTNOMAH UNIVERSITYOregonCompensation disclosed →
- SACRAMENTO COUNTRY DAY SCHOOLCaliforniaCompensation disclosed →
- OPPORTUNITIES INDUSTRIALIZATION CENTER OF WASHINGTONWashingtonCompensation disclosed →
- REGENERATION SCHOOLSIllinoisCompensation disclosed →
- MEMPHIS UNIVERSITY SCHOOLTennesseeCompensation disclosed →
Browse more: Massachusetts employer health plans · Education — K-12 plans in Massachusetts · all states
Sourced from Form 5500 filings as submitted to the U.S. Department of Labor. Analysis year: 2022; newest plan year with a filing on file: 2024. Dataset refreshed October 7, 2026. Plan years are labeled by the year they begin, so a July 2024 – June 2025 plan year is 2024. Filings may lag 12–18 months behind the current plan year.
Report a data discrepancy
Unbrokered reports data as filed with the DOL. If you believe a figure is incorrect, tell us what it should be. We respond within 2 business days and, where the underlying filing has been amended, update on our next data refresh. We don't remove publicly filed information on request, but we do correct genuine errors.