Plan Ledger DOL Form 5500 · updated monthly

Assa Group Inc.benefits

Welfare Benefit Plan · LOWELL, MI · plan year 2024

Broker compensation reported · 2024
$56,692

Assa Group Inc.'s benefits plans covered 178 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $75,762. Insurance brokers and agents were paid $56,692 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 74.8% of premiums. That is $318 per covered person, above the median for employer plans that report broker pay. Broker pay fell 7.1% from $61,018 in 2023.

Insurance contracts · 20243
BLUE CROSS BLUE SHIELD OF MICHIGAN · dental vision$76K · 219 covered
PRIORITY HEALTH · health drug hmopremiums n/a · 226 covered
DEARBORN LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 178 covered
Brokers & agents paid · 20242
CARMAN BAINES$43,183
Also brokered by Carman Baines1

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 204467006 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.