Plan Ledger DOL Form 5500 · updated monthly

Home of Economybenefits

Home of Economy Group Benefit Welfare Plan · GRAND FORKS, ND · plan year 2024

Broker compensation reported · 2024
$18,886

Home of Economy's benefits plans covered 126 active participants in 2024, providing health · life · dental · vision · death benefits. Insurance brokers and agents were paid $18,886 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $150 per covered person, below the median for employer plans that report broker pay. Broker pay fell 3.2% from $19,505 in 2023.

Insurance contracts · 20243
SANFORD HEALTH PLAN · health drugpremiums n/a · 45 covered
US ALLIANCE LIFE AND SECURITY COMPANY · lifepremiums n/a · 126 covered
METROPOLITAN LIFE INSURANCE COMPANY · dental visionpremiums n/a · 29 covered
Brokers & agents paid · 20244
USI INSURANCE SERVICES LLC$17,116 · incl $197 fees
MIKE ANDERSON$1,205
US ALLIANCE MARKETING CORPORATION$279
2 individual agents · names withheld$286

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.

Also brokered by Usi5
The Faison Center VA$1,640,677

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 450219324 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.