Plan Ledger DOL Form 5500 · updated monthly

Fph Mag Management, LLCbenefits

Fph Mag Management, LLC Employee Benefit Plan · MINNETONKA, MN · plan year 2024

Broker compensation reported · 2024
$158,722

Fph Mag Management, LLC's benefits plans covered 1,417 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $158,722 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $112 per covered person, below the median for employer plans that report broker pay. Broker pay fell 59% from $387,400 in 2023.

Insurance contracts · 20246
UNUM LIFE INSURANCE COMPANY OF AMERICA · std ltdpremiums n/a · 282 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 507 covered
UNUM LIFE INSURANCE COMPANY OF AMERICApremiums n/a · 645 covered
STARMOUNT LIFE INSURANCE COMPANY · dentalpremiums n/a · 805 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 1,417 covered
STARMOUNT LIFE INSURANCE COMPANY · visionpremiums n/a · 664 covered
Brokers & agents paid · 20241
MARSH & MCLENNAN AGENCY$158,722 · incl $27,312 fees
Also brokered by Marsh McLennan Agency5
Sanford ND$4,316,517

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 811268657 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.