Plan Ledger DOL Form 5500 · updated monthly

Cornerstone Medical Groupbenefits

Cornerstone Medical Group Welfare Benefit Plan · CLINTON TOWNSHIP, MI · plan year 2024

Broker compensation reported · 2024
$163,362

Cornerstone Medical Group's benefits plans covered 1,324 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $3,931,674. Insurance brokers and agents were paid $163,362 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.2% of premiums. That is $123 per covered person, below the median for employer plans that report broker pay. Broker pay rose 33% from $123,174 in 2023.

Insurance contracts · 20245
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drug ppo$2.3M · 290 covered
BLUE CARE NETWORK OF MICHIGAN · health drug hmo$1.6M · 288 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 351 covered
STARMOUNT LIFE INSURANCE COMPANY · dental visionpremiums n/a · 255 covered
Brokers & agents paid · 20242
PAUL M SNIDER$119,743
NFP SCHECHTER BENEFITS LLC$43,619 · incl $8,522 fees
Also brokered by Paul M Snider2

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 812131297 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.