Plan Ledger DOL Form 5500 · updated monthly

Bgm Group, LLCbenefits

Bgm Group, LLC Health and Welfare Benefits Plan · BLOOMINGTON, MN · plan year 2025

Broker compensation reported · 2025
$47,182

Bgm Group, LLC's benefits plans covered 130 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $47,182 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $363 per covered person, above the median for employer plans that report broker pay. Broker pay fell 57% from $110,029 in 2024.

Insurance contracts · 20253
PRINCIPAL LIFE INSURANCE COMPANY · vision life std ltdpremiums n/a · 221 covered
HEALTH PARTNERS INSURANCE COMPANY · health drugpremiums n/a · 254 covered
DELTA DENTAL OF MINNESOTA · dentalpremiums n/a · 260 covered
Brokers & agents paid · 20255
CHOICE INSURANCE SERVICES, LLC$17,196 · incl $17,196 fees
MESIROW INSURANCE SERVICES, INC.$14,396
BENEUSA LLC$5,290
CHOICE FINANCIAL GROUP$7,469
Also brokered by Choice Insurance Services, LLC1
Sashco, Inc. CO$4,080

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 411421691 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.