Plan Ledger DOL Form 5500 · updated monthly

Farris Fab & Machinebenefits

Farris Fab & Machine Welfare Benefit Plan · CHERRYVILLE, NC · plan year 2024

Broker compensation reported · 2024
$40,560

Farris Fab & Machine's benefits plans covered 142 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $40,560 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $286 per covered person, above the median for employer plans that report broker pay. Broker pay fell 17% from $48,578 in 2023.

Insurance contracts · 20248
UNITED OF OMAHA LIFE INSURANCE COMPANY · ltdpremiums n/a · 10 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 142 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · stdpremiums n/a · 85 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · dentalpremiums n/a · 110 covered
UNITED OF OMAHA LIFE INSURANCE COMPANYpremiums n/a · 82 covered
ROUTINE VISION · visionpremiums n/a · 163 covered
Brokers & agents paid · 20246
MAIDEN BENEFITS GROUP INC$4,384 · incl $268 fees
JAMES RUSSELL BEAM$4,155
CHARLOTTE HARVEY, WATSON INSURANCE$1,129
KENNA S GEORGE$1,022
WATSON INSURANCE AGENCY INC$28,070
4 individual agents · names withheld$1,800

Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.

Also brokered by Maiden Benefits Group Inc1

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 561241443 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.