Plan Ledger DOL Form 5500 · updated monthly

Groves Electrical Service, Inc.benefits

Groves Electrical Wrap Benefit Plan · FARMERS BRANCH, TX · plan year 2024

Broker compensation reported · 2024
$72,494

Groves Electrical Service, Inc.'s benefits plans covered 130 active participants in 2024, providing health · life · dental · vision · death benefits. Insurance brokers and agents were paid $72,494 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $558 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 41% from $51,277 in 2023.

Insurance contracts · 20243
BLUECROSS BLUESHIELD OF TEXAS · health drug dentalpremiums n/a · 168 covered
DEARBORN LIFE INSURANCE COMPANY · visionpremiums n/a · 57 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 130 covered
Brokers & agents paid · 20241
GALLAGHER BENEFIT SERVICES, INC.$72,494 · incl $3,498 fees
Also brokered by Gallagher5
Chem Carriers, LLC LA$5,531,992

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 751455223 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.