Plan Ledger DOL Form 5500 · updated monthly

Bermo, Inc.benefits

Bermo Inc Employee Medical and Dental Benefit Plan · CIRCLE PINES, MN · plan year 2024

Broker compensation reported · 2024
$14,323

Bermo, Inc.'s benefits plans covered 74 active participants in 2024, providing life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $14,323 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $194 per covered person, above the median for employer plans that report broker pay. Broker pay fell 6.8% from $15,367 in 2023.

Insurance contracts · 20245
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · life stdpremiums n/a · 91 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · ltdpremiums n/a · 27 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 18 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · dentalpremiums n/a · 72 covered
FORMULA BENEFITS · stdpremiums n/a · 89 covered
Brokers & agents paid · 20242
USI INSURANCE SERVICES LLC$12,839 · incl $2,854 fees
FORMULA BENEFITS$1,484 · incl $1,484 fees
Also brokered by Usi5
The Faison Center VA$1,640,677

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2024, EIN 410691155 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.