Plan Ledger DOL Form 5500 · updated monthly

Florida Institute of Technologybenefits

Florida Institute of Technology · MELBOURNE, FL · plan year 2024

Broker compensation reported · 2024
$71,302

Florida Institute of Technology's benefits plans covered 855 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance brokers and agents were paid $71,302 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $83 per covered person, below the median for employer plans that report broker pay. Broker pay rose 11% from $64,258 in 2023.

Insurance contracts · 20246
INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATIONpremiums n/a · 855 covered
INDEPENDENT COLLEGES & UNIVERSITIES BENEFITS ASSOCIATIONpremiums n/a · 126 covered
SYMETRA LIFE INSURANCE COMPANY · lifepremiums n/a · 1,035 covered
CONTINENTAL AMERICAN INSURANCE COMPANYpremiums n/a · 207 covered
DELTA DENTAL INSURANCE COMPANY · dentalpremiums n/a · 703 covered
EYEMED VISION CARE · visionpremiums n/a · 674 covered
Brokers & agents paid · 20242
LOCKTON COMPANIES$62,012 · incl $6,543 fees
EXPLAIN MY BENEFITS$9,290
Also brokered by Lockton5
Banner Health AZ$3,011,257

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 596046500 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.