Borroughs, LLCbenefits
Borroughs Corp Employee Benefit Plan · KALAMAZOO, MI · plan year 2023
Broker compensation reported · 2023
$36,639
Borroughs, LLC's benefits plan covered 149 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $509,798. Insurance brokers and agents were paid $36,639 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.2% of premiums. That is $246 per covered person, above the median for employer plans that report broker pay.
Insurance contracts · 20233
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drug vision stop-loss$460K · 78 covered
DELTA DENTAL OF MICHIGAN · dental$50K · 174 covered
AMERICAN UNITED LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 149 covered
Brokers & agents paid · 20231
COLDBROOK INSURANCE GROUP, LLC$36,639 · incl $8,004 fees
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Source: DOL Form 5500 Schedule A, plan year 2023, EIN 133386744 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.