Plan Ledger DOL Form 5500 · updated monthly

Covenant Community Carebenefits

Covenant Community Care Health & Welfare Plan · DETROIT, MI · plan year 2024

Broker compensation reported · 2024
$66,786

Covenant Community Care's benefits plans covered 127 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $803,607. Insurance brokers and agents were paid $66,786 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.3% of premiums. That is $526 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 7.5% from $72,227 in 2023.

Insurance contracts · 20247
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drug vision ppo$391K · 171 covered
BLUE CARE NETWORK OF MICHIGAN · health drug hmo$354K · 83 covered
DELTA DENTAL OF MICHIGAN · dental$58K · 200 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · ltdpremiums n/a · 127 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 127 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · stdpremiums n/a · 127 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 74 covered
Brokers & agents paid · 20244
LAU AND LAU ASSOCIATES LLC$39,877 · incl $6,020 fees
JONATHAN LAU$19,003
LAU & LAU ASSOCIATES, LLC$2,757
LAU & LAU ASSOCIATES LLC$5,149 · incl $682 fees
Also brokered by Lau and Lau Associates LLC2

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2024, EIN 383533998 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.