Plan Ledger DOL Form 5500 · updated monthly

Applied Products Incbenefits

Applied Products Inc Group Life and Ad&D Plan · MINNETONKA, MN · plan year 2025

Broker compensation reported · 2025
$133,197

Applied Products Inc's benefits plans covered 283 active participants in 2025, providing life · death benefits. Insurance brokers and agents were paid $133,197 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $471 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 14% from $116,958 in 2024.

Insurance contracts · 20254
LIFE INSURANCE COMPANY OF NORTH AMERICA · lifepremiums n/a · 283 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · ltdpremiums n/a · 283 covered
MEDICA INSURANCE COMPANY · healthpremiums n/a · 426 covered
Brokers & agents paid · 20253
BROWN & BROWN MN MINNEAPOLIS$95,886 · incl $1,173 fees
BROWN&BROWN INSURANCE SERVICES INC$35,047
BROWN&BROWN INSURANCE AGENCY OF VA$2,264 · incl $2,264 fees
Also brokered by Brown & Brown5
Mayo Clinic MN$2,113,920
Srm Concrete, LLC TN$1,393,063

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 202257905 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.