Plan Ledger DOL Form 5500 · updated monthly

Koerner Distributor Inc.benefits

Koerner Distributor Inc. Health Benefit Plan · EFFINGHAM, IL · plan year 2024

Previously filed as Koerner Distributor, Inc. Same employer identification number; renames and acquisitions are why old benefits and 401(k) accounts get lost.

Broker compensation reported · 2024
$73,150

Koerner Distributor Inc.'s benefits plans covered 338 active participants in 2024, providing health · life · vision. Insurance brokers and agents were paid $73,150 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $216 per covered person, above the median for employer plans that report broker pay. Broker pay rose 6.1% from $68,945 in 2023.

Insurance contracts · 20243
BLUE CROSS/BLUE SHIELD OF ILLINOIS · health dentalpremiums n/a · 338 covered
DEARBORN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 210 covered
VISION SERVICE PLAN · visionpremiums n/a · 126 covered
Brokers & agents paid · 20242
R W GARRETT AGENCY$71,574 · incl $1,290 fees
GROUP MARKETING SERVICES$1,576
Also brokered by R W Garrett Agency1

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 371107566 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.