Plan Ledger DOL Form 5500 · updated monthly

Banyan Medical Systemsbenefits

Banyan Medical Systems, LLC 0926722 · OMAHA, NE · plan year 2023

Broker compensation reported · 2023
$3,064,770

Banyan Medical Systems's benefits plans covered 282 active participants in 2023, providing dental. Insurance premiums totaled $229,283. Insurance brokers and agents were paid $3,064,770 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1336.7% of premiums. That is $10,868 per covered person, in the top 10% of employer plans that report broker pay.

Insurance contracts · 20233
STARMOUNT LIFE INSURANCE COMPANY · dental$148K · 263 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life$40K · 169 covered
Brokers & agents paid · 20232
THE ARK GROUP, LLC$2,229,477
THE ARK GROUP LLC$835,293
Also brokered by The Ark Group, LLC1

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Source: DOL Form 5500 Schedule A, plan year 2023, EIN 205593461 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.