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