Plan Ledger DOL Form 5500 · updated monthly

Banyan Software Holdings, LLC dba Banyan Softwarebenefits

Banyan Software Holdings, LLC Health and Welfare Plan · ATLANTA, GA · plan year 2025

Broker compensation reported · 2025
$277,587

Banyan Software Holdings, LLC dba Banyan Software's benefits plans covered 583 active participants in 2025, providing dental · vision · life · other · long-term disability · health · short-term disability. Insurance brokers and agents were paid $277,587 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $476 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 50% from $185,524 in 2024.

Insurance contracts · 20252
PRINCIPAL LIFE INSURANCE COMPANY · dental vision life ltd ppopremiums n/a · 943 covered
BLUECROSS BLUESHIELD OF GEORGIA · health ppopremiums n/a · 367 covered
Brokers & agents paid · 20254
GCG FINANCIAL INC$134,566
GCG FINANCIAL LLC$104,345 · incl $19,120 fees
ALERA GENERAL AGENCY INSURANCE SERV$32,923 · incl $32,923 fees
ALERA GROUP, INC. DBA ARMS$5,753 · incl $5,753 fees
Also brokered by Gcg Financial Inc5
Feeding America IL$13,683

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2025, EIN 853636022 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.