Plan Ledger DOL Form 5500 · updated monthly

Magnit Global Solutions, Incbenefits

Magnit Global Solutions, Inc Employee Benefits Plan · JUPITER, FL · plan year 2024

Broker compensation reported · 2024
$1,155,310

Magnit Global Solutions, Inc's benefits plans covered 6,219 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $40,912,974. Insurance brokers and agents were paid $1,155,310 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.8% of premiums. That is $186 per covered person, below the median for employer plans that report broker pay. Broker pay rose 4.0% from $1,111,094 in 2023.

Insurance contracts · 202422
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drug dental vision hmo$40.9M · 5,972 covered
KAISER FOUNDATION HEALTH PLAN INC · health hmopremiums n/a · 286 covered
HOLMAN FAMILY COUNSELING, INC.premiums n/a · 426 covered
KAISER FOUNDATION HEALTH PLAN INC · healthpremiums n/a · 46 covered
FIRST UNUM LIFE INSURANCE COMPANY · lifepremiums n/a · 4 covered
PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY · lifepremiums n/a · 27 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · healthpremiums n/a · 5 covered
FIRST UNUM LIFE INSURACE COMPANYpremiums n/a · 7 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 279 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 2,493 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 1,345 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · std ltdpremiums n/a · 1,163 covered
UNUM INSURANCE COMPANYpremiums n/a · 1,679 covered
KAISER FOUNDATION HEALTH PLAN, INC. · healthpremiums n/a · 4 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dental visionpremiums n/a · 10 covered
FIDELITY SECURITY LIFE INSURANCE COMPANY · visionpremiums n/a · 5,433 covered
FIDELITY SECURITY LIFE INSURANCE COMPANY · visionpremiums n/a · 327 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · dentalpremiums n/a · 6 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · healthpremiums n/a · 5 covered
COMPANION LIFE INSURANCEpremiums n/a · 18 covered
ARAG INSURANCE COMPANY · lifepremiums n/a · 1,156 covered
Brokers & agents paid · 20247
WORLD INSURANCE ASSN CONSULTING GRP$703,790
WORLD INSURANCE ASSOCIATION CO$271,815 · incl $10,000 fees
WORLD INSURANCE ASSOCIATION CONSULT$73,657
WORLD INSURANCE ASSOCIATION$49,180
WORLD INS ASSOC CONSULTING CP LLC$2,035
MITCH BESVINICK$1,013
WORLD INSURANCE ASSOCIATION IN$53,820 · incl $53,820 fees

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2024, EIN 273835632 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.