Plan Ledger DOL Form 5500 · updated monthly

Honor Credit Unionbenefits

Honor Credit Union Health and Welfare Plan · BERRIEN SPRINGS, MI · plan year 2025

Broker compensation reported · 2025
$163,251

Honor Credit Union's benefits plans covered 484 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $4,648,315. Insurance brokers and agents were paid $163,251 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.5% of premiums. That is $337 per covered person, above the median for employer plans that report broker pay. Broker pay fell 7.0% from $175,615 in 2024.

Insurance contracts · 202512
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drug ppo$3.2M · 470 covered
BLUE CARE NETWORK OF MICHIGAN · health drug hmo$1.1M · 260 covered
DELTA DENTAL OF MICHIGAN · dental$317K · 807 covered
VISION SERVICE PLAN · visionpremiums n/a · 329 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · ltdpremiums n/a · 475 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 483 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · stdpremiums n/a · 110 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 280 covered
ULLIANCE, INC.premiums n/a · 493 covered
UNITED OF OMAHA LIFE INSURANCE COMPANYpremiums n/a · 109 covered
UNITED OF OMAHA LIFE INSURANCE COMPANYpremiums n/a · 118 covered
UNITED OF OMAHA LIFE INSURANCE COMPANYpremiums n/a · 58 covered
Brokers & agents paid · 20255
CHRISTOPHER M BOUSCHET$36,146
REBECCA A MCLAUGHLAN$26,407
MARSH & MCLENNAN AGENCY LLC$64,466 · incl $15,648 fees
MARSH AND MCLENNAN AGCY LLC$4,428 · incl $4,428 fees
Also brokered by Marsh McLennan Agency5
Rme LTD. LLC CO$10,578,643

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 381231023 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.