Plan Ledger DOL Form 5500 · updated monthly

American Battery Solutions, LLCbenefits

American Battery Solutions Welfare Plan · ORION TOWNSHIP, MI · plan year 2024

Broker compensation reported · 2024
$148,010

American Battery Solutions, LLC's benefits plans covered 294 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $2,989,040. Insurance brokers and agents were paid $148,010 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.0% of premiums. That is $503 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 27% from $116,568 in 2023.

Insurance contracts · 20244
BLUE CARE NETWORK OF MICHIGAN · health drug hmo ppo$2.4M · 567 covered
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drug ppo$578K · 82 covered
STARMOUNT LIFE INSURANCE COMPANY · dental visionpremiums n/a · 274 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 294 covered
Brokers & agents paid · 20242
PAUL M. SNIDER$87,663
NFP SCHECHTER BENEFITS, LLC$60,347 · incl $6,946 fees
Also brokered by Paul M. Snider4
Xalt Energy, LLC MI$121,815

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 833191953 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.