Plan Ledger DOL Form 5500 · updated monthly

Berea Collegebenefits

Berea College Health & Welfare Benefit Plan · BEREA, KY · plan year 2024

Broker compensation reported · 2024
$40,629

Berea College's benefits plans covered 798 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $40,629 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $51 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 11% from $36,726 in 2023.

Insurance contracts · 20243
HUMAN DEVELOPMENT COMPANY, INC.premiums n/a · 798 covered
TRANSAMERICA LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 597 covered
Brokers & agents paid · 20243
BENEFIT INSURANCE MARKETING, INC.$21,732
DISABILITY RMS$13,451 · incl $13,451 fees
BENEFIT INSURANCE MARKETING$5,446
Also brokered by Benefit Insurance Marketing, Inc.5
Gray, Inc. KY$167,271

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 610444650 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.