Fomcore, LLCbenefits
Fomcore, LLC Welfare Benefit Plan · MUSKEGON, MI · plan year 2024
Broker compensation reported · 2024
$47,061
Fomcore, LLC's benefits plans covered 180 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance premiums totaled $60,207. Insurance brokers and agents were paid $47,061 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 78.2% of premiums. That is $261 per covered person, above the median for employer plans that report broker pay. Brokers were paid 86.7x the $543 reported for 2023.
Insurance contracts · 20243
DELTA DENTAL OF MICHIGAN · dental$60K · 196 covered
PRIORITY HEALTH · health drug hmopremiums n/a · 166 covered
PRINCIPAL LIFE INSURANCE COMPANY · vision life stdpremiums n/a · 243 covered
Brokers & agents paid · 20246
KRAMER, RICHARD$23,391
HOEKWATER, LINNEA$9,319
SHORELINE INSURANCE AGENCY$6,841 · incl $1,413 fees
SHORELINE INSURANCE AGENCY, INC$2,918
BENEFIT PROFILES, INC$1,523 · incl $122 fees
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 364848278 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.