Plan Ledger DOL Form 5500 · updated monthly

Binary Defense Systems LLCbenefits

Company Paid Life Insurance · STOW, OH · plan year 2023

Broker compensation reported · 2023
$101,042

Binary Defense Systems LLC's benefits plans covered 189 active participants in 2023, providing life. Insurance brokers and agents were paid $101,042 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $535 per covered person, in the top quarter of employer plans that report broker pay.

Insurance contracts · 20234
METROPOLITAN LIFE INSURANCE COMPANY · lifepremiums n/a · 189 covered
METROPOLITAN LIFE INSURANCE COMPANY · stdpremiums n/a · 189 covered
METROPOLITAN LIFE INSURANCE COMPANY · dentalpremiums n/a · 153 covered
UNITEDHEALTHCARE INSURANCE COMPANY · health visionpremiums n/a · 362 covered
Brokers & agents paid · 20236
GALLAGHER BENEFIT SERVICES INC$5,853 · incl $5,853 fees
DIGITAL INSURANCE,INC.$11,806
GIS NATIONAL$8,059
BOON-CHAPMAN BENEFIT ADMINISTRATORS$5,981 · incl $5,981 fees
Also brokered by Gallagher5
Prisma Health SC$6,161,180

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2023, EIN 465606510 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.