Plan Ledger DOL Form 5500 · updated monthly

Laguna Development Corporationbenefits

Laguna Development Corporation Welfare Benefit Plan · ALBUQUERQUE, NM · plan year 2024

Broker compensation reported · 2024
$215,546

Laguna Development Corporation's benefits plans covered 834 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $2,030,953. Insurance brokers and agents were paid $215,546 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.6% of premiums. That is $258 per covered person, above the median for employer plans that report broker pay. Broker pay fell 67% from $656,478 in 2023.

Insurance contracts · 20243
BLUE CROSS BLUE SHIELD OF NEW MEXICO · health drug$2.0M · 413 covered
VISION SERVICE PLAN · vision$40K · 390 covered
GUARDIAN · dental life std ltdpremiums n/a · 834 covered
Brokers & agents paid · 20245
BROWN & BROWN INS OF ARIZONA INC$77,396 · incl $2,583 fees
BROWN & BROWN INSURANCE SERVICES$111,474 · incl $28,926 fees
THE BRELLA GROUP$5,791
Also brokered by Brown & Brown5
Srm Concrete, LLC TN$1,315,284

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 850459475 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.