Plan Ledger DOL Form 5500 · updated monthly

Farouk Systems Groupbenefits

Farouk Systems Group Company Welfare Benefit Plan · HOUSTON, TX · plan year 2024

Broker compensation reported · 2024
$27,940

Farouk Systems Group's benefits plans covered 687 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $27,940 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $41 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 47% from $52,976 in 2023.

Insurance contracts · 20242
AETNA LIFE INSURANCE COMPANY · health drug visionpremiums n/a · 814 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 668 covered
Brokers & agents paid · 20242
USI INSURANCE SERVICES LLC$27,512 · incl $27,512 fees
USI INSURANCE SERVICES SOUTHWEST$428 · incl $428 fees
Also brokered by Usi5
The Faison Center VA$1,640,677

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 760206566 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.