Plan Ledger DOL Form 5500 · updated monthly

Insurance Partners Agency, Inc.benefits

Insurance Partners Agency Ancillary Welfare Benefit Plans · WESTLAKE, OH · plan year 2024

Broker compensation reported · 2024
$18,858

Insurance Partners Agency, Inc.'s benefits plans covered 216 active participants in 2024, providing life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $237,348. Insurance brokers and agents were paid $18,858 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.9% of premiums. That is $87 per covered person, below the median for employer plans that report broker pay. Broker pay fell 73% from $70,925 in 2023.

Insurance contracts · 20242
STANDARD INSURANCE COMPANY · dental vision life std ltd$237K · 216 covered
MEDICAL MUTUAL OF OHIO · health drug ppopremiums n/a · 119 covered
Brokers & agents paid · 20242
INSURANCE PARTNERS AGENCY, LLC$14,278 · incl $1,693 fees
NFP INSURANCE SERVICES, INC.$4,580 · incl $4,580 fees
Also brokered by Insurance Partners Agency, LLC5
Bico Buyer Inc OH$61,862

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 341056653 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.