Plan Ledger DOL Form 5500 · updated monthly

H.S. Inc.benefits

H.S. Inc. 401K and Profit Sharing Plan · GRAND RAPIDS, MI · plan year 2024

Broker compensation reported · 2024
$8,794

H.S. Inc.'s benefits plans covered 67 active participants in 2024, providing life. Insurance brokers and agents were paid $8,794 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $131 per covered person, below the median for employer plans that report broker pay. Broker pay fell 69% from $28,499 in 2023.

Insurance contracts · 20241
PRINCIPAL LIFE INSURANCE COMPANYpremiums n/a · 169 covered
Brokers & agents paid · 20241
PRINCIPAL SECURITIES INC$8,794

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 381946307 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.