Plan Ledger DOL Form 5500 · updated monthly

Altron Automation Group Inc.benefits

Altron Automation Group Health & Welfare Benefit Plan · HUDSONVILLE, MI · plan year 2023

Broker compensation reported · 2023
$90,660

Altron Automation Group Inc.'s benefits plan covered 125 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $95,358. Insurance brokers and agents were paid $90,660 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 95.1% of premiums. That is $725 per covered person, in the top 10% of employer plans that report broker pay.

Insurance contracts · 20235
DELTA DENTAL OF MICHIGAN · dental$95K · 265 covered
PRIORITY HEALTH · health drug hmopremiums n/a · 253 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 125 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 70 covered
STARMOUNT LIFE INSURANCE COMPANY · visionpremiums n/a · 91 covered
Brokers & agents paid · 20232
MARK W. SMITH$65,372
MW SMITH & ASSOCIATES, LLC$25,288
Also brokered by Mark W. Smith1

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Source: DOL Form 5500 Schedule A, plan year 2023, EIN 854784989 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.