Plan Ledger DOL Form 5500 · updated monthly

Lenoir-Rhyne Universitybenefits

The Lenoir-Rhyne University Master Welfare Benefit Plan · HICKORY, NC · plan year 2024

Broker compensation reported · 2024
$91,005

Lenoir-Rhyne University's benefits plans covered 252 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $91,005 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $361 per covered person, above the median for employer plans that report broker pay. Broker pay fell 27% from $124,049 in 2023.

Insurance contracts · 20242
BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA · health drug dental vision ppopremiums n/a · 519 covered
SYMETRA LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 239 covered
Brokers & agents paid · 20243
DAVID SIMAS$80,303
USI INSURANCE SERVICES LLC$4,547 · incl $828 fees
Also brokered by David Simas2
Biotage, LLC NC$46,464

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 560556753 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.