COLLE & MCVOY LLC
EIN 26-0685581 · MN · Professional Services
Benchmarked against: Professional Services · 101–500 employees · same industry, in-state · n=38 employers (your plan plus 37 peers)
162
(latest)
Self-fundedSelf-funded (incl. mixed, stop-loss and level-funded).
Funding
$815
Broker pay, employer-paid lines (2022)
$0.42
1st pct vs peers · n=38
Lines disclosed: Life · Long-term disability
Broker pay as a share of insured premium: 1.1% (peer median 7.0%, 5th percentile).
Without the 2 low-disclosure peers, this plan is at the 1st percentile of 36 comparable plans (your plan plus 35 peers).
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.
Long-term disability
1.0%
Peer median 14.1%
No commission on this contractLife
1.0%
Peer median 14.4%
No commission on this contractDental and Vision are not on this filing as their own contracts, so there is no peer rate to show for them.
Where the $815 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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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 2022 — 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.
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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.
| Benefit line | Contract | Rate | vs. peers | Position |
|---|---|---|---|---|
| Long-term disability | The Lincoln National Life Insurance Company | 1.0% | med 14.1% | No commission on this contract |
| Life · contract 000010253225 | The Lincoln National Life Insurance CompanyPlan 510 · 206 lives · Life, Other (AD&D) | 1.0% | med 14.4% | No commission on this contract |
| Life · contract 000400253227 | The Lincoln National Life Insurance CompanyPlan 510 · 50 lives · Life, Other (AD&D) | 1.4% | med 16.2% | No commission on this contract |
How the peer group for each line was built
- Long-term disability: n=1,617 contracts, Midwest, 101-500 covered lives
- Life: n=2,799 contracts, Midwest, 101-500 covered lives
- Life: n=712 contracts, Midwest, 1-100 covered lives
n = the number of peer contracts in that comparison group.
Everything in this table is from the 2022 filing. These 3 contracts are a subset of the broker compensation disclosed for that year. The remainder sits on bundled multi-line contracts, contracts with no premium reported, or Schedule C service-provider fees, none of which carry a comparable single-line rate.
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. A rate on bundled multi-line premium is not comparable to a single-line rate, so bundled contracts are never given a peer position. A near-zero rate on a large premium usually means the broker is paid elsewhere (through a bundled contract, a Schedule C fee, or commission on other lines), so no market position is shown for that contract.
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 510COLLE & MCVOY LLC LIFE & AD&D PLAN202 participants (2022)DentalApprenticeship / trainingSeveranceFully insured · 2 years on file
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PN 502COLLE & MCVOY LLC EMPLOYEE DENTAL BENEFIT PLAN168 participants (2022)Life insuranceSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 2 years on file
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PN 501COLLE & MCVOY LLC MEDICAL BENEFIT PLAN162 participants (2022)HealthSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 2 years on file
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PN 504COLLE & MCVOY LLC VISION BENEFIT PLAN84 participants (2021)Short-term disabilityUnfunded / insured (non-filing)Fully insured
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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 (Professional Services, similar size), from public Form 5500 filings. Open one to see what it pays its broker.
- DG ARCHITECTS, INC. DBA DGACaliforniaCompensation disclosed →
- INTELLIGENESIS, LLCMarylandCompensation disclosed →
- MUREX NORTH AMERICA, INC.New YorkCompensation disclosed →
- TRINETX, LLCMassachusettsCompensation disclosed →
- SHOW IMAGING INCCaliforniaCompensation disclosed →
Browse more: Minnesota employer health plans · Professional Services plans in Minnesota · all states
Sourced from Form 5500 filings as submitted to the U.S. Department of Labor. Most recent plan year on file: 2022. 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.