Plan Ledger DOL Form 5500 · updated monthly

Bright Future Electric, LLCbenefits

Bright Future Electric, LLC Employee Benefits Plan · BIRMINGHAM, AL · plan year 2023

Broker compensation reported · 2023
$35,896

Bright Future Electric, LLC's benefits plan covered 413 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $3,799,184. Insurance brokers and agents were paid $35,896 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.9% of premiums. That is $87 per covered person, below the median for employer plans that report broker pay.

Insurance contracts · 20236
BLUE CROSS AND BLUE SHIELD OF ALABAMA · health drug vision ppo$3.8M · 483 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dental visionpremiums n/a · 250 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 71 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · stdpremiums n/a · 413 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 413 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · ltdpremiums n/a · 58 covered
Brokers & agents paid · 20232
VALENT GROUP, LLC$16,102 · incl $1,419 fees
VALENT GROUP$19,794 · incl $10,763 fees
Also brokered by Valent Group, LLC5
Peopletec, Inc. AL$134,370

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Source: DOL Form 5500 Schedule A, plan year 2023, EIN 571228220 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.