Plan Ledger DOL Form 5500 · updated monthly

Falcon Plastics, Inc.benefits

Falcon Plastics, Inc. Health Benefit Plan · BROOKINGS, SD · plan year 2024

Broker compensation reported · 2024
$22,504

Falcon Plastics, Inc.'s benefits plans covered 230 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $200,221. Insurance brokers and agents were paid $22,504 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 11.2% of premiums. That is $98 per covered person, below the median for employer plans that report broker pay. Broker pay rose 126% from $9,964 in 2023.

Insurance contracts · 20245
DELTA DENTAL OF SOUTH DAKOTA · dental$115K · 366 covered
STANDARD INSURANCE COMPANY · life$53K · 227 covered
STANDARD INSURANCE COMPANY · ltd$32K · 193 covered
STANDARD INSURANCE COMPANYpremiums n/a · 104 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · healthpremiums n/a · 1 covered
Brokers & agents paid · 20242
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 460325450 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.