Plan Ledger DOL Form 5500 · updated monthly

Fortis Payment Systems, LLCbenefits

Fortis Payment Systems, LLC Benefit Plan · NOVI, MI · plan year 2024

Broker compensation reported · 2024
$109,582

Fortis Payment Systems, LLC's benefits plans covered 271 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $109,582 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $404 per covered person, above the median for employer plans that report broker pay. Broker pay rose 17% from $94,011 in 2023.

Insurance contracts · 20246
UNITEDHEALTHCARE INSURANCE COMPANY · visionpremiums n/a · 226 covered
UNITEDHEALTHCARE INSURANCE COMPANY · healthpremiums n/a · 318 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 158 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 350 covered
STARMOUNT LIFE INSURANCE COMPANY · dentalpremiums n/a · 281 covered
UNITEDHEALTHCARE INSURANCE COMPANY · std ltdpremiums n/a · 340 covered
Brokers & agents paid · 20242
BROWN & BROWN INSURANCE SERVICES$26,715 · incl $4,066 fees
BROWN & BROWN NY WHITE PLAINS$82,867 · incl $72,996 fees
Also brokered by Brown & Brown5
Srm Concrete, LLC TN$1,315,284

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 273375894 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.