Plan Ledger DOL Form 5500 · updated monthly

Design Ready Controls, Inc.benefits

Design Ready Controls Inc Welfare Benefit Plan · BROOKLYN PARK, MN · plan year 2024

Broker compensation reported · 2024
$79,466

Design Ready Controls, Inc.'s benefits plans covered 524 active participants in 2024, providing life · dental · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $79,466 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $152 per covered person, below the median for employer plans that report broker pay. Broker pay fell 15% from $92,945 in 2023.

Insurance contracts · 20243
UNITED OF OMAHA LIFE INSURANCE COMPANY · dental life std ltdpremiums n/a · 524 covered
MEDICA INSURANCE COMPANY · stop-losspremiums n/a · 575 covered
EYEMED · visionpremiums n/a · 410 covered
Brokers & agents paid · 20242
MARSH & MCLENNAN AGENCY LLC$77,583 · incl $20,338 fees
Also brokered by Marsh McLennan Agency5
Sanford ND$4,316,517

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 411649617 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.