Cornerstone Universitybenefits
Cornerstone University Health and Welfare Benefit Plan · GRAND RAPIDS, MI · plan year 2024
Cornerstone University's benefits plans covered 243 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $2,692,184. Insurance brokers and agents were paid $117,280 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.4% of premiums. That is $483 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 28% from $91,363 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 381443369 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.