Plan Ledger DOL Form 5500 · updated monthly

Burlington Finance Corporationbenefits

Burlington Finance Corporation Group Term Life and Ad&D Plan · WAYZATA, MN · plan year 2025

Broker compensation reported · 2025
$10,283

Burlington Finance Corporation's benefits plans covered 270 active participants in 2025, providing life · death benefits. Insurance brokers and agents were paid $10,283 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $38 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 61% from $6,392 in 2024.

Insurance contracts · 20253
METROPOLITAN LIFE INSURANCE COMPANY · lifepremiums n/a · 270 covered
METROPOLITAN LIFE INSURANCE COMPANY · ltdpremiums n/a · 270 covered
Brokers & agents paid · 20253
BROWN & BROWN INS. SERVICES, INC.$7,402 · incl $335 fees
NATIONAL ENROLL. PTNRS. GEN. AGENCY$2,854
Also brokered by Brown & Brown5
Mayo Clinic MN$2,113,920
Srm Concrete, LLC TN$1,393,063

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 411483445 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.