Magnetstreetbenefits
Welfare Benefit Plan-Principal · WHEATON, IL · plan year 2024
Broker compensation reported · 2024
$12,882
Magnetstreet's benefits plan covered 189 active participants in 2024, providing life · dental · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $12,882 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $68 per covered person, in the bottom quarter of employer plans that report broker pay.
Insurance contracts · 20241
PRINCIPAL LIFE INSURANCE COMPANY · dental life std ltd ppopremiums n/a · 189 covered
Brokers & agents paid · 20241
GCG FINANCIAL INC$12,882 · incl $4,537 fees
Also brokered by Gcg Financial Inc5
Animal Dermatology Group, Inc CA$119,466
Deublin Company, LLC IL$62,715
Graham Corporation NY$14,534
Magnera Corporation NC$14,264
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 363779178 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.