Plan Ledger DOL Form 5500 · updated monthly

Magaya Corporationbenefits

Magaya Corporation Welfare Benefit Plan · MIAMI, FL · plan year 2024

Broker compensation reported · 2024
$131,516

Magaya Corporation's benefits plans covered 140 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $131,516 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $939 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 37% from $95,943 in 2023.

Insurance contracts · 20242
AMERICAN PUBLIC LIFE INSURANCE COMPANY · healthpremiums n/a · 107 covered
UNITEDHEALTHCARE INSURANCE COMPANY · health drug dental vision life std ltdpremiums n/a · 161 covered
Brokers & agents paid · 20244
MORRIS & GARRITANO INS AGENCY, INC.$105,946 · incl $80,578 fees
NATIONAL AGENCY SOLUTIONS, LLC$13,765
MORRIS AND GARRITANO INSURANCE$11,364
CENTERSTONE INS AND FINANCIAL$441
Also brokered by Morris & Garritano Ins Agency, Inc.4

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 651096513 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.