Plan Ledger DOL Form 5500 · updated monthly

Madico, Inc.benefits

Madico, Inc. Welfare Benefit Plan · PINELLAS PARK, FL · plan year 2024

Broker compensation reported · 2024
$198,631

Madico, Inc.'s benefits plans covered 263 active participants in 2024, providing health. Insurance brokers and agents were paid $198,631 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $755 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 11% from $179,359 in 2023.

Insurance contracts · 20245
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drugpremiums n/a · 265 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dental vision life std ltdpremiums n/a · 263 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · healthpremiums n/a · 55 covered
ANTHEM HEALTH PLANS OF KY, INC. · health ppopremiums n/a · 46 covered
Brokers & agents paid · 20248
WALLACE, WELCH & WILLINGHAM, INC.$77,804 · incl $77,804 fees
WWW INSURANCE LLC$38,546 · incl $12,226 fees
MARSH & MCLENNAN AGCY LLC-BOUCHARD$38,269 · incl $38,269 fees
MARSH & MCLENNAN AGENCY LLC$15,058 · incl $450 fees
ACCRETIVE WHOLESALE INS SERVICES$7,670
IMA, INC.$11,374
Also brokered by Wallace, Welch & Willingham, Inc.5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 042807288 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.