Plan Ledger DOL Form 5500 · updated monthly

Fareportal, Inc.benefits

Fareportal Health and Welfare Plan · NEW YORK, NY · plan year 2024

Broker compensation reported · 2024
$106,473

Fareportal, Inc.'s benefits plans covered 143 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $106,473 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $745 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 27% from $84,041 in 2023.

Insurance contracts · 20243
UNITEDHEALTHCARE INSURANCE COMPANY · health drug dental visionpremiums n/a · 268 covered
MUTUAL OF OMAHA INSURANCE COMPANY · life std ltdpremiums n/a · 143 covered
COMPANION LIFE INSURANCE COMPANY · lifepremiums n/a · 143 covered
Brokers & agents paid · 20242
MARSH AND MCLENNAN AGENCY$104,156 · incl $4,105 fees
USI INSURANCE SERVICES LLC$2,317 · incl $2,317 fees
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 830353855 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.