Plan Ledger DOL Form 5500 · updated monthly

First Source Employee Managementbenefits

First Source Welfare Benefit Plan · NORTH OLMSTED, OH · plan year 2024

Broker compensation reported · 2024
$326,266

First Source Employee Management's benefits plans covered 12,666 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance brokers and agents were paid $326,266 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $26 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 15% from $282,695 in 2023.

Insurance contracts · 20243
METROPOLITAN LIFE INSURANCE COMPANY · dental visionpremiums n/a · 5,124 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · stop-losspremiums n/a · 2,395 covered
RELIASTAR LIFE INSURANCE COMPANY · life stdpremiums n/a · 12,666 covered
Brokers & agents paid · 20245
STEVEN PAPPADAKES$87,509
WILLIS TOWERS WATSON MIDWEST INC.$148,292 · incl $64 fees
WILLIS OF OHIO INC.$8,085 · incl $8,085 fees
Also brokered by Steven Pappadakes4

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 272037178 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.