Plan Ledger DOL Form 5500 · updated monthly

Betten Friendly Motorsbenefits

Friendly Holding Company Health and Welfare Plan · GRAND HAVEN, MI · plan year 2024

Broker compensation reported · 2024
$51,946

Betten Friendly Motors's benefits plans covered 253 active participants in 2024, providing health · life · dental · vision · other. Insurance premiums totaled $79,428. Insurance brokers and agents were paid $51,946 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 65.4% of premiums. That is $205 per covered person, above the median for employer plans that report broker pay. Broker pay rose 8.8% from $47,727 in 2023.

Insurance contracts · 20246
DELTA DENTAL OF MICHIGAN · dental ppo$79K · 240 covered
COLONIAL LIFE & ACCIDENT INSURANCE · ltdpremiums n/a · 16 covered
COMPANION LIFE INSURANCE COMPANY · lifepremiums n/a · 253 covered
VISION SERVICE PLAN · visionpremiums n/a · 113 covered
BLUE CARE NETWORK OF MICHIGAN · health drug hmopremiums n/a · 246 covered
BLUE CROSS AND BLUE SHIELD OF MICHIGAN · health drug ppopremiums n/a · 4 covered
Brokers & agents paid · 202412
TCHP LLC$40,021
NORTHSTAR AGENCY LLC$1,573 · incl $42 fees
CENTENNIAL ASSOCIATES, INC.$1,466
MARINO INSURANCE AGENCY SERVICES$4,165
BENEFIT PROFILES, INC.$2,314 · incl $199 fees
BENEFIT INNOVATIONS LLC$162 · incl $3 fees
AGENT ALLIANCE CORPORATION$35
SHAMROCK BENEFITS LLC$34
SHORELINE INSURANCE AGENCY$23
JT PREMIER HOLDINGS LLC$9 · incl $9 fees
7 individual agents · names withheld$2,092

Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 382023962 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.