Plan Ledger DOL Form 5500 · updated monthly

Derecktor Shipyardsbenefits

Health and Welfare Benefits Plan · DANIA BEACH, FL · plan year 2024

Broker compensation reported · 2024
$88,390

Derecktor Shipyards's benefits plans covered 128 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,275,815. Insurance brokers and agents were paid $88,390 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.9% of premiums. That is $691 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 10% from $80,277 in 2023.

Insurance contracts · 20243
BLUE CROSS BLUE SHIELD OF FLORIDA · health drug$1.3M · 103 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dental visionpremiums n/a · 91 covered
NEW YORK LIFE GROUP INSURANCE COMPANY OF NEW YORK · life std ltdpremiums n/a · 128 covered
Brokers & agents paid · 20244
ADVOCATE, INC.$76,549
CENTERSTONE INS & FIN SER$10,416 · incl $3,950 fees
BENEFITMALL$1,400 · incl $640 fees
Also brokered by Advocate, Inc.5
Gofundme, Inc. CA$564,517

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 591225610 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.