Plan Ledger DOL Form 5500 · updated monthly

Family Security Credit Unionbenefits

Family Security Credit Union Health and Welfare Benefit Plan · DECATUR, AL · plan year 2024

Broker compensation reported · 2024
$22,722

Family Security Credit Union's benefits plans covered 210 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $2,029,886. Insurance brokers and agents were paid $22,722 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.1% of premiums. That is $108 per covered person, below the median for employer plans that report broker pay. Broker pay rose 15% from $19,777 in 2023.

Insurance contracts · 20244
BLUE CROSS AND BLUE SHIELD OF ALABAMA · health drug dental ppo$2.0M · 242 covered
SYMETRA LIFE INSURANCE COMPANY · life ltdpremiums n/a · 210 covered
VISION SERVICE PLAN · visionpremiums n/a · 151 covered
MDLIVEpremiums n/a · 210 covered
Brokers & agents paid · 20241
VALENT GROUP, LLC$22,722 · incl $4,864 fees
Also brokered by Valent Group, LLC5
Peopletec, Inc. AL$134,387
Kronospan, LLC AL$85,465

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 630757453 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.