Plan Ledger DOL Form 5500 · updated monthly

B&B Consultants Inc. Merritt Groupbenefits

Merritt Sonics Group Healthcare Plan · LAS CRUCES, NM · plan year 2024

Broker compensation reported · 2024
$128,124

B&B Consultants Inc. Merritt Group's benefits plans covered 211 active participants in 2024, providing health. Insurance brokers and agents were paid $128,124 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $607 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 13% from $113,279 in 2023.

Insurance contracts · 20242
BLUECROSS BLUESHIELD OF NEW MEXICO · healthpremiums n/a · 399 covered
PRINCIPAL LIFE INSURANCE COMPANY · dental vision life ppopremiums n/a · 486 covered
Brokers & agents paid · 20242
MARSH & MCLENNAN AGENCY LLC$128,123 · incl $1,854 fees
THE MERRITT GROUP$1
Also brokered by Marsh McLennan Agency5
Sanford ND$4,316,517

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 850251456 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.