Plan Ledger DOL Form 5500 · updated monthly

Magnifi Financial Credit Unionbenefits

Magnifi Financial Credit Union Comprehensive Health & Welfare Benefits Plan · MELROSE, MN · plan year 2025

Broker compensation reported · 2025
$14,194

Magnifi Financial Credit Union's benefits plans covered 404 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $14,194 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $35 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 7.6% from $13,191 in 2024.

Insurance contracts · 20254
MEDICA INSURANCE COMPANY · health drug ppopremiums n/a · 870 covered
BENCHMARK INSURANCE COMPANY · healthpremiums n/a · 332 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 404 covered
Brokers & agents paid · 20251
USI INSURANCE SERVICES LLC$14,194 · incl $14,194 fees
Also brokered by Usi5
Adapthealth, LLC PA$827,688

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 410705136 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.