Lacks Enterprises, Inc.benefits
Lacks Enterprises, Inc. Employee Benefits Plan · GRAND RAPIDS, MI · plan year 2025
Lacks Enterprises, Inc.'s benefits plans covered 1,560 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $138,824. Insurance brokers and agents were paid $304,021 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 219.0% of premiums. That is $195 per covered person, above the median for employer plans that report broker pay. Broker pay rose 19% from $256,554 in 2024.
Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.
Why are you looking at this plan?
Source: DOL Form 5500 Schedule A, plan year 2025, EIN 382650857 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.