Plan Ledger DOL Form 5500 · updated monthly

Bay Path Universitybenefits

Bay Path University Group Benefit Plan · LONGMEADOW, MA · plan year 2024

Broker compensation reported · 2024
$255,040

Bay Path University's benefits plans covered 388 active participants in 2024, providing health · life · dental · long-term disability · vision. Insurance brokers and agents were paid $255,040 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $657 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 3.7x the $69,181 reported for 2023.

Insurance contracts · 202411
PRINCIPAL LIFE INSURANCE COMPANY · vision life ltdpremiums n/a · 388 covered
HEALTH NEW ENGLAND · health drug hmo ppopremiums n/a · 163 covered
ALTUS DENTAL INSURANCE COMPANY INC. · dental ppopremiums n/a · 340 covered
PRINCIPAL LIFE INSURANCE COMPANY · vision life ltdpremiums n/a · 388 covered
HEALTH NEW ENGLAND · health drug hmo ppopremiums n/a · 169 covered
ALTUS DENTAL INSURANCE COMPANY INC. · dental ppopremiums n/a · 318 covered
ALTUS DENTAL INSURANCE COMPANY INC. · dental vision ppopremiums n/a · 323 covered
HPHC JOINT VENTURE UHG · healthpremiums n/a · 37 covered
SHELTERPOINT LIFE INSURANCE COMPANY · stdpremiums n/a · 10 covered
PRINCIPAL LIFE INSURANCE COMPANY · vision life std ltdpremiums n/a · 393 covered
HEALTH NEW ENGLAND · health drug hmo ppopremiums n/a · 144 covered
Brokers & agents paid · 20249
BFP ASSOCIATES INC$41,072
STEVEN BRADWAY$87,228
BFP ASSOCIATES, INC.$66,190 · incl $4,516 fees
STEVEN F BRADWAY CFP CLU$10,975
GALLAGHER BENEFIT SERVICES INC.$8,449 · incl $2,504 fees
BFP ASSOCIATES INC.$5,265
Also brokered by Brown & Brown5
Srm Concrete, LLC TN$1,315,284

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 042103865 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.