miEdge in conjunction with SourceMedia provides the 2016 top 50 large-group employee benefits brokerages in the U.S.
New Boston, NH – January 12th, 2017, miEdge™ the premier provider of Form 5500 health & welfare, financial and analytic solutions, announced market place ranking* for the top 50 large-group employee benefits insurance brokerages in the U.S.
Mark Smith, Founder & CEO of miEdge comments, "This ranking is unique, independent and provides very interesting analysis. The top 50 brokers and consultants on this list now control 57% of the current Large Group commissions. Although this is only up 500 basis points on 2015 it represents over $300 million in additional commissions. We see this trend continuing for the forseeable future with continued consolidation and new entrants to the marketplace like the recent announcement of Alera Group. Mercer is still the industry leader with the merger of Towers and Willis cementing 2nd place.”
miEdge™ donates new iMac and printer to New Boston Central School
New Boston, NH – December 7th, 2016, Students at New Boston Central School, New Boston, NH are taking another step up in technology thanks to the donation of a new iMac desktop computer and color printer from miEdge. Mark Smith, Founder and CEO of the New Boston based miEdge, presented the new iMac to Principal, Tori Underwood on October 13th, 2016.
Mark Smith, Founder and CEO said, “As a business owner in New Boston, I am excited to help my local school district acquire new technology, since I know it can be a lengthy process to acquire funding for new computers and other technology for teachers, para-professionals and students. New and current technology is critical to student’s education in today’s world.”
10 things benefits pros should know about 5500s but probably don’t
#10 Employers with a health and welfare benefit plan with 100 or more participants on the first day of the ERISA plan year are required to file an annual Form 5500 and related schedules.
Employers with fewer than 100 participants are generally not required to file an annual Form 5500 unless the benefits are funded through a trust or a Multiple Employer Welfare Arrangement (MEWA). If the ERISA Plan is under a Trust or MEWA, the Form 5500 is required to be filed regardless of the number of participants. Additionally governmental and true church plans [as defined under ERISA section 3(33)] are exempt from the filing requirements. Please note: Participant counts for a health and welfare Form 5500 include enrolled employees, former employees enrolled under COBRA, retirees (if applicable) and those eligible for COBRA but have not yet elected coverage.
miEdge Chief Data Officer, Richard V Lowney Honored by Boys and Girls Clubs
New Boston, NH - November 1st, 2016, Boys and Girls Clubs of America presented its prestigious “Heart of the Region Award” to New Hampshire Alliance board President, Richard Lowney. The award is the organization’s highest regional honor bestowed upon board members. Lowney, an Amherst resident, received the award at the BGCA 2016 Northeast Leadership Conference on October 27, in Manchester, NH.
Dusty Miller, BGCA National Area Council Board Member, stated “Rich Lowney is an invaluable leader and inspiration to Boys & Girls Clubs not only in New Hampshire, but throughout New England and across the country.”
The award recognizes Lowney for his outstanding dedication to the Boys and Girls Club Movement. Lowney was raised in Malden, Massachusetts and is a proud alumnus of the Charlestown, Massachusetts Boys & Girls Club.
miEdge in conjunction with SourceMedia provides Top 10 large company 401(k) plans
New Boston, NH – October 14th, 2016, miEdge™ the premiere provider of Form 5500 health & welfare prospect and data analytic solutions, announced the top 401(k) plans based on company plan size with more than 1,000 actively enrolled employees. Familiar names lead the list including IBM Corp., Boeing and Wells Fargo.
The miEdge data comes from Form 5500 filings with the U.S. Department of Labor as of July 30th, 2016. Government entities such as cities, towns, school districts and federal offices as well as church plans as defined by ERISA are exempt from filing and are not included.
Additionally, participation percentages for each company include retirement or former employees who have left employment with the company, but still have their plan/balances in, accounting for participation rates of more than 100%.
How top employee benefit brokerage firms stand out from their competition
Where the top-grossing brokerages in the U.S. are headed next
By Kathleen Koster, Published July 27th, 2016, Employee Benefits Advisor
Among the top five large-group brokerages in each state, both large national firms and fierce independent brokerages cream the crop. What they all share is a focused sales strategy and strong commitment to their employees. The list is the latest released by miEdge, a Boston-based consultancy, which determines the top large-group brokerages based on revenue from the Department of Labor schedules of Form 5500 filings.
“The beauty of our rankings is that they are the only rankings that give a level playing field look at [the top advisory firms],” explains Mark Smith, CEO of miEdge. There’s no self-disclosure, he adds, so “there’s no overstatement or understatement; it’s a very clean look at the marketplace by state.”
miEdge™ in conjunction with SourceMedia provides Top 10 fastest growing brokerages with over $50 million in large group revenues
New Boston, NH – June 6th, 2016, miEdge™ the premiere provider of Form 5500 health & welfare prospect and data analytic solutions, announced the first ever marketplace ranking* for the top 10 fastest growing brokerages with over $50 million in large group revenues.
#10 Gallagher Benefit Services
#9 Brown & Brown
#8 Mercer Health and Benefits
#7 Willis Towers Watson
#6 Lockton Companies
#5 Marsh & McLennan Agency
#4 HUB International
#3 Alliant Insurance Services
#1 AON Consulting
miEdge™ in conjunction with SourceMedia provides Top 10 fastest growing brokerages with $10-$50 million in large group revenue
New Boston, NH – May 23rd, 2016, miEdge™ the premiere provider of Form 5500 health & welfare prospect and data analytic solutions, announced the first ever marketplace ranking* for the top 10 fastest growing brokerages with $10-$50 million in large group revenue.
#10 Mesirow Financial
#9 Associated Financial Group
#7 Filice Insurance
#6 Woodruff Sawyer and Company
#5 Hays Group
#4 Regions Insurance
#3 Digital Insurance
#2 Buck Consultants
#1 Sequoia Benefits
miEdge™ in conjunction with SourceMedia provides first ever large group Top 10 Vision Carrier Ranking
New Boston, NH – April 19th, 2016, miEdge™ the premiere provider of Form 5500 health & welfare prospect and data analytic solutions, announced market place ranking* for the top 10 large-group vision insurance carriers.
#7 Combined Insurance/ACE
#6 HM Insurance Group
#2 EyeMed Vision Plan
miEdge taps industry veteran James St. Jean as new Chief Technology Officer
New Boston, NH – April 5th, 2016, miEdge™ today announced that it has tapped industry veteran James St. Jean as its new Chief Technology Officer. Jim brings a wealth of experience to miEdge ranging from the creation of small entrepreneurial startups to senior executive positions at large corporations. Jim will lead miEdge's technology direction and key initiatives to support the dynamic growth of the business.
Commenting on this hire Mark J Smith Founder & CEO says, "Jim has been a trusted adviser to miEdge since its founding. Given the current scale of the business and the significant growth we have experienced, the next phase of our technology evolution must begin. Jim is a well-respected leader and innovator and I very much look forward to working with him."