Plan Ledger DOL Form 5500 · updated monthly

Cornerstone Universitybenefits

Cornerstone University Health and Welfare Benefit Plan · GRAND RAPIDS, MI · plan year 2024

Broker compensation reported · 2024
$117,280

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.

Insurance contracts · 20244
BLUE CARE NETWORK OF MICHIGAN · health drug hmo$2.6M · 395 covered
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drug vision ppo$126K · 482 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life ltdpremiums n/a · 233 covered
UNUM INSURANCE COMPANYpremiums n/a · 43 covered
Brokers & agents paid · 20244
KEVIN D. CUMINGS$92,303
BROWN & BROWN INSURANCE SERVICE$16,908 · incl $1,997 fees
STRATEGIC NON-MEDICAL SOLUTION$3,902 · incl $3,902 fees
BROWN AND BROWN INSURANCE SERVICE$4,167 · incl $4,167 fees
Also brokered by Kevin D. Cumings5
Koops, Inc. MI$88,264
Holland Home MI$79,029

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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.