Plan Ledger DOL Form 5500 · updated monthly

Koons of Silver Springbenefits

Koons of Silver Spring Health & Welfare Plan · SILVER SPRING, MD · plan year 2024

Broker compensation reported · 2024
$11,294

Koons of Silver Spring's benefits plans covered 174 active participants in 2024, providing life · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $11,294 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $65 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 31% from $16,349 in 2023.

Insurance contracts · 20241
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 161 covered
Brokers & agents paid · 20243
USI INSURANCE SERVICES LLC$6,756 · incl $1,360 fees
GIS BENEFITS INC$2,649 · incl $2,649 fees
BOON CHAPMAN BENEFIT ADMIN INC$1,889 · incl $1,889 fees
Also brokered by Usi5
The Faison Center VA$1,640,677

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 271922654 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.