Plan Ledger DOL Form 5500 · updated monthly

Factory Motor Parts Companybenefits

Factory Motor Parts Company Group Life Insurance Plan · EAGAN, MN · plan year 2024

Broker compensation reported · 2024
$162,701

Factory Motor Parts Company's benefits plans covered 3,411 active participants in 2024, providing life · death benefits · short-term disability · other. Insurance brokers and agents were paid $162,701 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $48 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 57% from $377,936 in 2023.

Insurance contracts · 20242
UNITEDHEALTH INSURANCE COMPANY · life std ltdpremiums n/a · 3,760 covered
UNITEDHEALTHCARE INSURANCE COMPANY · health visionpremiums n/a · 3,435 covered
Brokers & agents paid · 20244
HAYS GROUP INC$117,249
Also brokered by Hays Group Inc3

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 410639421 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.