Plan Ledger DOL Form 5500 · updated monthly

Fagen, Inc.benefits

Fagen, Inc. Health and Welfare Benefit Plan · GRANITE FALLS, MN · plan year 2025

Broker compensation reported · 2025
$122,271

Fagen, Inc.'s benefits plans covered 138 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $122,271 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $886 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 2.7% from $119,043 in 2024.

Insurance contracts · 20252
VISION SERVICE PLAN · visionpremiums n/a · 13 covered
UNITEDHEALTHCARE INSURANCE COMPANY · health drug dental vision life std ltdpremiums n/a · 752 covered
Brokers & agents paid · 20253
HOLMES, MURPHY AND ASSOCIATES, LLC$108,635
HOLMES, MURPHY & ASSOCIATES, LLC$13,260
HOMES, MURPHY AND ASSOCIATES, LLC$376
Also brokered by Holmes, Murphy and Associates, LLC5

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2025, EIN 411604605 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.