Plan Ledger DOL Form 5500 · updated monthly

Lake Forest Academybenefits

Lake Forest Academy Health & Welfare Benefit Plan · LAKE FOREST, IL · plan year 2024

Broker compensation reported · 2024
$108,983

Lake Forest Academy's benefits plans covered 151 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $108,983 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $722 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 8.5x the $12,858 reported for 2023.

Insurance contracts · 20243
BLUECROSS BLUESHIELD OF ILLINOIS · health drug hmo ppopremiums n/a · 267 covered
VISION SERVICE PLAN · visionpremiums n/a · 105 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · life ltdpremiums n/a · 151 covered
Brokers & agents paid · 20245
TIC, INC.$80,908 · incl $1,709 fees
AUTOMATIC DATA PROCESSING, INC.$2,000 · incl $2,000 fees
ALERA GROUP, INC.$429 · incl $380 fees
Also brokered by Tic, Inc.4
Robinson, Inc. WI$100,901

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 362216167 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.