Plan Ledger DOL Form 5500 · updated monthly

Hamadeh Educational Services, Inc.benefits

Hamadeh Educational Services, Inc. Welfare Plan · LIVONIA, MI · plan year 2024

Broker compensation reported · 2024
$157,554

Hamadeh Educational Services, Inc.'s benefits plans covered 466 active participants in 2024, providing health · life · dental · short-term disability · long-term disability · other. Insurance premiums totaled $3,386,439. Insurance brokers and agents were paid $157,554 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.7% of premiums. That is $338 per covered person, above the median for employer plans that report broker pay. Broker pay rose 42% from $110,939 in 2023.

Insurance contracts · 20247
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drug vision hmo ppo$3.2M · 553 covered
BLUE CROSS BLUE SHIELD OF MICHIGAN · dental ppo$188K · 545 covered
AMERICAN UNITED HEALTH INSURANCE COMPANY · lifepremiums n/a · 508 covered
AMERICAN UNITED HEALTH INSURANCE COMPANY · lifepremiums n/a · 183 covered
AMERICAN UNITED HEALTH INSURANCE COMPANY · stdpremiums n/a · 83 covered
AMERICAN UNITED HEALTH INSURANCE COMPANY · ltdpremiums n/a · 105 covered
DENCAP DENTAL PLANS, INC. · dentalpremiums n/a · 4 covered
Brokers & agents paid · 20245
MCDONALD FINANCIAL INC$11,745 · incl $11,745 fees
MATTHEW J MCDONALD$101,778
ACTION BENEFITS COMPANY$7,527
MCDONALD FINANCIAL$36,412 · incl $5,837 fees
Individual agent · names withheld$92

Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 383407382 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.