HARBERT MANAGEMENT CORPORATION

EIN 63-1105435 · AL · Insurance / Financial Services

Compensation disclosed1 broker of record, 2021–2025As reported on Form 5500 (Schedules A and C), U.S. Department of Labor.

This filing doesn't itemize broker compensation the way most peer employers do. That can be a clean fee arrangement — or pay baked into premium. Peer market rates for similar plans are below.

Employer-paid broker pay2025 · analysis: Not reported2024: $1,3512023: $9522022: $1,4012021: $1,626

Benchmarked against: Insurance / Financial Services · 101–500 employees · same industry, regional · n=83 employers

Peer disclosed broker cost: median $44.22 per participant per month · typical range $31.43–$68.29. This company's filings did not itemize an amount to place on that scale.

Your exact in-state peer group was below the 10-plan minimum, so the comparison broadens to same industry, regional within Insurance / Financial Services.

184

(latest)

Fully insured

Funding

Not reported in filings

Broker pay, employer-paid lines (2025)

—

Peer median $44.22 per participant per month

Where the broker pay actually 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)

DentalHealthLife insuranceShort-term disability

From the Form 5500 welfare benefit codes — the authoritative list of what the plan covers, including medical (health).

Broker history

Benefit lines covered by year — broker identity limited on public pages

Year:

No broker compensation rows linked to this employer's filings for 2025.

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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 504HARBERT BASIC AND VOLUNTARY LIFE PLAN230 participants (2025)

DentalFully insured · 5 years on file

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PN 501HARBERT MANAGEMENT CORPORATION HEALTH & DENTAL PLAN184 participants (2025)

HealthLife insuranceFully insured · 5 years on file

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PN 507HARBERT MANAGEMENT CORPORATION VISION PLAN145 participants (2025)

Short-term disabilityFully insured · 5 years on file

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PN 502HARBERT VOLUNTARY LIFE & ACCIDENTAL DEATH & DISMEMBERMENT PLAN41 participants (2021)

DentalSeveranceFully 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

Primary brokerLimited on public pages

Years on file4

Lead broker continuitySame primary broker

Peer benchmarkInsurance / Financial Servicesn=83 · regional peers

Is this your company?

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Or share your plan basics to unlock your company’s full detail — the report PDF itself is a separate purchase.

How do similar employers compare?

Employers in the same peer group (Insurance / Financial Services, similar size), from public Form 5500 filings. Open one to see what it pays its broker.

Browse more: Alabama employer health plans · Insurance / Financial Services plans in Alabama · all states

Sourced from Form 5500 filings as submitted to the U.S. Department of Labor. Most recent plan year on file: 2025. 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.

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