Choice Financial Groupbenefits
Choice Financial Group Life and Disability Insurance Plan · GRAND FORKS, ND · plan year 2024
Broker compensation reported · 2024
$115,248
Choice Financial Group's benefits plans covered 418 active participants in 2024, providing life · long-term disability. Insurance brokers and agents were paid $115,248 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $276 per covered person, above the median for employer plans that report broker pay. Broker pay fell 29% from $162,977 in 2023.
Insurance contracts · 20242
PRINCIPAL LIFE INSURANCE COMPANY · dental life ltd ppopremiums n/a · 789 covered
HEALTHPARTNERS ADMINISTRATORS, INC. · healthpremiums n/a · 895 covered
Brokers & agents paid · 20242
CHOICE FINANCIAL GROUP$75,393 · incl $5,580 fees
CHOICE INSURANCE SERVICES LLC$39,855 · incl $9,775 fees
Also brokered by Choice Financial Group4
Farmers Union Oil Company of Moorhead ND$49,163
Western Products, Inc. ND$16,926
Brandt Holdings Co ND$6,070
Blue Ridge Bankshares, Inc. VA$2,692
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 450117790 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.