Plan Ledger DOL Form 5500 · updated monthly

Frank N. Magid Associates, Inc.benefits

Frank N. Magid Associates, Inc. Disability Plan · MINNEAPOLIS, MN · plan year 2024

Broker compensation reported · 2024
$8,790

Frank N. Magid Associates, Inc.'s benefits plans covered 73 active participants in 2024, providing long-term disability. Insurance brokers and agents were paid $8,790 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $120 per covered person, below the median for employer plans that report broker pay. Broker pay fell 91% from $98,206 in 2023.

Insurance contracts · 20242
UNITED OF OMAHA LIFE INSURANCE COMPANY · ltdpremiums n/a · 73 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 73 covered
Brokers & agents paid · 20242
Also brokered by Hays Companies5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 420894975 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.