Plan Ledger DOL Form 5500 · updated monthly

Bright Wood Corporationbenefits

The Health & Welfare Benefit Plan for Bright Wood Corporation · MADRAS, OR · plan year 2024

Broker compensation reported · 2024
$19,703

Bright Wood Corporation's benefits plans covered 757 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $439,286. Insurance brokers and agents were paid $19,703 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.5% of premiums. That is $26 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 26% from $15,618 in 2023.

Insurance contracts · 20243
STANDARD INSURANCE COMPANY · life$396K · 971 covered
STANDARD INSURANCE COMPANY · ltd$44K · 26 covered
FIDELITY SECURITY LIFE INSURANCE COMPANY · visionpremiums n/a · 786 covered
Brokers & agents paid · 20241
MERCER HEALTH AND BENEFITS, LLC.$19,703 · incl $8,786 fees
Also brokered by Mercer5
Lowes Companies, Inc. NC$10,259,702
Caterpillar Inc. TX$5,319,156

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 930720678 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.