Plan Ledger DOL Form 5500 · updated monthly

Cloverland Electric Cooperativebenefits

Cloverland Electric Cooperative Welfare Benefit Plan · SAULT SAINTE MARIE, MI · plan year 2025

Broker compensation reported · 2025
$177,296

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.

Insurance contracts · 20255
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drug ppo$2.1M · 384 covered
AMFIRST · healthpremiums n/a · 71 covered
METROPOLITAN LIFE INSURANCE COMPANY · dentalpremiums n/a · 345 covered
EYEMED VISION CARE · visionpremiums n/a · 391 covered
Brokers & agents paid · 202515
ADVANCED BENEFIT SOLUTIONS INC$44,080 · incl $22,040 fees
CARL R MESSING$40,503
SCOTT HARRISON$21,861
VINCENT BABCOCK$25,283
MORGAN WHITE LIMITED DBA$10,114
DAVID PEPIN$6,386 · incl $2,414 fees
BRITT ELIZABETH CURNOW$3,159 · incl $1,907 fees
MEGAN LIN MILLS$2,707 · incl $1,380 fees
MATTHEW HERREN$2,529
ADVANCED BENEFIT SOLUTIONS DBA$2,061
MARKS BENEFIT MANAGEMENT LLC$1,896 · incl $688 fees
MARGARET BRENDA HANCOCK$1,726 · incl $94 fees
ACRISURE LLC$13,901 · incl $6,380 fees
PEACOCK FINANCIALS INC$23 · incl $15 fees
7 individual agents · names withheld$1,067

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.

Also brokered by Advanced Benefit Solutions Inc5

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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.