Plan Ledger DOL Form 5500 · updated monthly

Buist Electric Inc.benefits

Buist Electric Inc. Welfare Benefit Plan · BYRON CENTER, MI · plan year 2025

Broker compensation reported · 2025
$67,254

Buist Electric Inc.'s benefits plans covered 479 active participants in 2025, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $552,863. Insurance brokers and agents were paid $67,254 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 12.2% of premiums. That is $140 per covered person, below the median for employer plans that report broker pay. Broker pay rose 9.1% from $61,626 in 2024.

Insurance contracts · 20253
DELTA DENTAL OF MICHIGAN · dental$553K · 1,333 covered
VISION SERVICE PLAN · visionpremiums n/a · 315 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · life ltdpremiums n/a · 479 covered
Brokers & agents paid · 20252
LIGHTHOUSE GROUP$58,909 · incl $14,398 fees
ALERA GROUP, INC.$8,345 · incl $2,618 fees
Also brokered by Lighthouse Group5
Vec (USA), Inc. MI$44,272

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 382177580 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.