Plan Ledger DOL Form 5500 · updated monthly

Flex-N-Gate LLCbenefits

Flex N Gate Corporation Sec 125 Plan · URBANA, IL · plan year 2024

Broker compensation reported · 2024
$376,556

Flex-N-Gate LLC's benefits plans covered 6,088 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $376,556 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $62 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 24% from $493,459 in 2023.

Insurance contracts · 20244
DEARBORN LIFE INSURANCE COMPANYpremiums n/a · 3 covered
METROPOLITAN LIFE INSURANCE COMPANY · visionpremiums n/a · 4,973 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 6,082 covered
TRUSTMARK INSURANCE COMPANY · lifepremiums n/a · 879 covered
Brokers & agents paid · 20245
WEB BENEFITS DESIGN CORPORATION$73,703 · incl $73,703 fees
BERNARD FALCO$5,572
GALLAGHER BENEFIT SERVICES, INC.$296,589 · incl $95,508 fees
BANK OF SPRINGFIELD$368
Also brokered by Web Benefits Design Corporation5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 371049734 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.