Plan Ledger DOL Form 5500 · updated monthly

First Tech Federal Credit Unionbenefits

First Tech Federal Credit Union Health and Welfare Benefit Plan · HILLSBORO, OR · plan year 2024

Broker compensation reported · 2024
$49,494

First Tech Federal Credit Union's benefits plans covered 1,587 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $49,494 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $31 per covered person, in the bottom quarter of employer plans that report broker pay. Brokers were paid 16.5x the $2,999 reported for 2023.

Insurance contracts · 20249
CANOPY EAPpremiums n/a · 1,437 covered
KAISER FOUNDATION HEALTH PLAN OF THE NORTHWEST · health drug vision hmopremiums n/a · 581 covered
VISION SERVICE PLAN · visionpremiums n/a · 1,406 covered
KAISER FOUNDATION HEALTH PLAN OF WASHINGTON · health drug vision hmopremiums n/a · 26 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · life ltdpremiums n/a · 1,616 covered
AMERICAN HERITAGE LIFE INSURANCE COMPANY · lifepremiums n/a · 51 covered
KAISER FOUNDATION HEALTH PLAN OF COLORADO · health drug vision hmopremiums n/a · 6 covered
KAISER FOUNDATION HEALTH PLAN, INC. · health drug vision hmopremiums n/a · 445 covered
Brokers & agents paid · 20244
USI INSURANCE SERVICES LLC$48,789 · incl $35,566 fees
BENEFITS PLUS INSURANCE SOL, LLC$435
DICK HANNAH INSURANCE AGENCY$113
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 237062675 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.