Plan Ledger DOL Form 5500 · updated monthly

Farah & Farah, P.A.benefits

Farah & Farah Welfare Benefit Plan · JACKSONVILLE, FL · plan year 2024

Broker compensation reported · 2024
$202,747

Farah & Farah, P.A.'s benefits plans covered 460 active participants in 2024, providing health · life · short-term disability · long-term disability · dental · vision · other. Insurance premiums totaled $3,788,085. Insurance brokers and agents were paid $202,747 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.4% of premiums. That is $441 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 28% from $158,772 in 2023.

Insurance contracts · 20249
BLUE CROSS BLUE SHIELD OF FLORIDA · health drug ppo$2.3M · 204 covered
HEALTH OPTIONS · health drug hmo$1.3M · 137 covered
STANDARD INSURANCE COMPANY · std$84K · 577 covered
STANDARD INSURANCE COMPANY · ltd$83K · 119 covered
STANDARD INSURANCE COMPANY · life$76K · 460 covered
FIDELITY SECURITY LIFE INSURANCE COMPANY · visionpremiums n/a · 443 covered
FLORIDA COMBINED LIFE · dental ppopremiums n/a · 340 covered
NEW DIRECTIONS BEHAVIORAL HEALTHpremiums n/a · 370 covered
Brokers & agents paid · 20245
MFB FINANCIAL, INC. DBA THE BAILEY$89,421
MFB FINANCIAL, INC.$8,644
FORESTER BENEFITS MANAGEMENT LLC$4,398 · incl $1,481 fees
NFP INSURANCE SERVICES INC.$7,429 · incl $7,429 fees
MFB FINANCIAL DBA THE BAILEY GROUP$92,855 · incl $24,009 fees
Also brokered by Mfb Financial, Inc. dba the Bailey5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 592596163 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.