Plan Ledger DOL Form 5500 · updated monthly

Buchanan Timber Companybenefits

Buchanan Timber Co. Inc. Hc Plan · SELMA, AL · plan year 2025

Broker compensation reported · 2025
$3,112

Buchanan Timber Company's benefits plans covered 107 active participants in 2025, providing health · dental · vision. Insurance premiums totaled $1,217,461. Insurance brokers and agents were paid $3,112 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.3% of premiums. That is $29 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 27% from $4,249 in 2024.

Insurance contracts · 20252
BLUE CROSS BLUE SHIELD OF ALABAMA · health drug vision ppo$1.2M · 107 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dentalpremiums n/a · 35 covered
Brokers & agents paid · 20251
GALLAGHER BENEFIT SERVICES INC.$3,112 · incl $723 fees
Also brokered by Gallagher5
Prisma Health SC$2,123,789

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 261578671 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.