Plan Ledger DOL Form 5500 · updated monthly

Caramagno Foods Companybenefits

Caramagno Foods Company · DETROIT, MI · plan year 2024

Broker compensation reported · 2024
$52,302

Caramagno Foods Company's benefits plans covered 295 active participants in 2024, providing health · life · dental · short-term disability · other. Insurance premiums totaled $60,427. Insurance brokers and agents were paid $52,302 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 86.6% of premiums. That is $177 per covered person, below the median for employer plans that report broker pay. Broker pay rose 13% from $46,200 in 2023.

Insurance contracts · 20244
DELTA DENTAL OF MICHIGAN · dental$60K · 165 covered
PRINCIPAL LIFE INSURANCE COMPANY · life stdpremiums n/a · 103 covered
PRIORITY HEALTH · health drug hmopremiums n/a · 163 covered
PRIORITY HEALTH INSURANCE COMPANY · health drug ppopremiums n/a · 132 covered
Brokers & agents paid · 20242
DAVID N SOKOL$43,850
WILSHIRE BENEFITS GROUP, INC$8,452 · incl $1,205 fees
Also brokered by David N Sokol1

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 382043753 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.