Plan Ledger DOL Form 5500 · updated monthly

Direct Waterbenefits

Direct Water Welfare Benefit Plan · GILMER, TX · plan year 2024

Broker compensation reported · 2024
$21,144

Direct Water's benefits plans covered 181 active participants in 2024, providing health · life · dental · vision · other. Insurance brokers and agents were paid $21,144 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $117 per covered person, below the median for employer plans that report broker pay. Brokers were paid 6.2x the $3,422 reported for 2023.

Insurance contracts · 20243
EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA · health dental vision life ppopremiums n/a · 181 covered
CRUM & FORSTERpremiums n/a · 105 covered
NATIONWIDE · health stop-losspremiums n/a · 105 covered
Brokers & agents paid · 20243
MARSH MCLENNAN AGENCY LLC$10,090 · incl $2,335 fees
BENEFITMALL$4,351 · incl $4,351 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 823292423 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.