Plan Ledger DOL Form 5500 · updated monthly

Allete, Inc.benefits

Allete and Affiliated Companies Welfare Benefits Plan · DULUTH, MN · plan year 2024

Broker compensation reported · 2024
$197,522

Allete, Inc.'s benefits plans covered 1,183 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance brokers and agents were paid $197,522 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $167 per covered person, below the median for employer plans that report broker pay. Broker pay rose 42% from $138,767 in 2023.

Insurance contracts · 20245
TOKIO MARINE HCC · stop-losspremiums n/a · 1,183 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · life ltdpremiums n/a · 2,410 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · stdpremiums n/a · 8 covered
PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY · lifepremiums n/a · 1 covered
UNITED BEHAVIORAL HEALTH DBA OPTUMpremiums n/a · 1,363 covered
Brokers & agents paid · 20243
UNITED BEHAVIORAL HEALTH DBA OPTUM$22,955
Also brokered by Lockton5
Banner Health AZ$3,011,257

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 410418150 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.