Kamminga & Roodvoets, Inc.benefits
Kamminga & Roodvoets, Inc. Employee Benefit Plan · GRAND RAPIDS, MI · plan year 2024
Kamminga & Roodvoets, Inc.'s benefits plans covered 232 active participants in 2024, providing health · life · dental · short-term disability. Insurance premiums totaled $656,082. Insurance brokers and agents were paid $378,486 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 57.7% of premiums. That is $1,631 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 25% from $303,191 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 381808100 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.