Cloverland Electric Cooperativebenefits
Cloverland Electric Cooperative Welfare Benefit Plan · SAULT SAINTE MARIE, MI · plan year 2025
Cloverland Electric Cooperative's benefits plans covered 129 active participants in 2025, providing health · dental · vision. Insurance premiums totaled $2,059,264. Insurance brokers and agents were paid $177,296 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.6% of premiums. That is $1,374 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 88% from $94,414 in 2024.
Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 380429495 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.