Plan Ledger DOL Form 5500 · updated monthly

Bio-Serv Corporationbenefits

Bio-Serv Group Welfare Plan · MADISON HEIGHTS, MI · plan year 2024

Broker compensation reported · 2024
$85,904

Bio-Serv Corporation's benefits plans covered 361 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $175,863. Insurance brokers and agents were paid $85,904 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 48.8% of premiums. That is $238 per covered person, above the median for employer plans that report broker pay. Broker pay was essentially unchanged from 2023.

Insurance contracts · 20248
DELTA DENTAL OF MICHIGAN · dental$171K · 479 covered
DELTA DENTAL OF MICHIGAN · dental hmo$5K · 26 covered
BLUE CROSS BLUE SHIELD OF MICHIGAN · healthpremiums n/a · 579 covered
NATIONAL VISION ADMINISTRATORS, LLC · visionpremiums n/a · 429 covered
THE LINCOLN NATIONAL INSURANCE COMPANY - LIFE/AD&D · lifepremiums n/a · 345 covered
THE LINCOLN NATIONAL INSURANCE COMPANY - LTD · ltdpremiums n/a · 345 covered
UNUM LIFE INSURANCE COMPANY OF AMERICApremiums n/a · 10 covered
Brokers & agents paid · 20245
GALLAGHER BENEFIT SERVICES INC.$62,933 · incl $22,626 fees
JAMES R. NELLIGAN & ASSOCIATES LLC$4,572 · incl $4,572 fees
LAU & LAU ASSOCIATES LLC$428
Also brokered by Gallagher5
Chem Carriers, LLC LA$5,531,992

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 381643006 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.