Plan Ledger DOL Form 5500 · updated monthly

Buntingbenefits

Bunting Magnetics Co. Welfare Benefit Plan · NEWTON, KS · plan year 2024

Broker compensation reported · 2024
$9,224

Bunting's benefits plans covered 131 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $9,224 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $70 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 16% from $7,960 in 2023.

Insurance contracts · 20243
ADVANCE INSURANCE COMPANY OF KANSAS · life ltdpremiums n/a · 131 covered
HARTFORD LIFE AND ACCIDENTpremiums n/a · 10 covered
Brokers & agents paid · 20243
TRUSS, INC.$3,047
HUB INTERNATIONAL MIDWEST LIMITED$1,318 · incl $201 fees
Also brokered by Gallagher5
Chem Carriers, LLC LA$5,531,992

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 814564886 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.