Plan Ledger DOL Form 5500 · updated monthly

Dakota Wesleyan Universitybenefits

Dakota Wesleyan University Welfare Benefit Plan · MITCHELL, SD · plan year 2024

Broker compensation reported · 2024
$12,742

Dakota Wesleyan University's benefits plans covered 142 active participants in 2024, providing health · life · dental · vision · long-term disability. Insurance premiums totaled $1,424,317. Insurance brokers and agents were paid $12,742 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.9% of premiums. That is $90 per covered person, below the median for employer plans that report broker pay. Broker pay fell 10% from $14,172 in 2023.

Insurance contracts · 20245
WELLMARK OF SOUTH DAKOTA INC · health$1.3M · 100 covered
THE STANDARD · life$31K · 142 covered
VISION CARE · vision$25K · 104 covered
THE STANDARD · ltd$20K · 142 covered
DELTA DENTAL · dentalpremiums n/a · 278 covered
Brokers & agents paid · 20242
DICE FINANCIAL SERVICES$5,277 · incl $4,711 fees
EDUCATION & INSTITUTIONAL INS ADM$7,465 · incl $813 fees

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 460224589 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.