Plan Ledger DOL Form 5500 · updated monthly

Baker Electric, Inc.benefits

Baker Electric, Inc. Welfare Benefits Plan · ESCONDIDIO, CA · plan year 2025

Broker compensation reported · 2025
$95,878

Baker Electric, Inc.'s benefits plans covered 303 active participants in 2025, providing health · life · dental · vision · long-term disability. Insurance brokers and agents were paid $95,878 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $316 per covered person, above the median for employer plans that report broker pay. Broker pay fell 55% from $211,056 in 2024.

Insurance contracts · 20253
PRINCIPAL LIFE INSURANCE COMPANY · dental vision life ltd ppopremiums n/a · 303 covered
MEDIEXCEL HEALTH PLAN · health drug hmopremiums n/a · 39 covered
KAISER FOUNDATION HEALTH PLAN INC. · health drug hmopremiums n/a · 85 covered
Brokers & agents paid · 20252
JAMES M. MORRISON INSURANCE SERVICE$87,231 · incl $10,523 fees
CENTRO BENEFITS RESEARCH LLC$8,647 · incl $8,647 fees
Also brokered by James M. Morrison Insurance Service3

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 951853701 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.