Plan Ledger DOL Form 5500 · updated monthly

Marimed Advisors Inc.benefits

Marimed Advisors Inc. Employee Benefit Plan · NEWTON, MA · plan year 2024

Broker compensation reported · 2024
$97,180

Marimed Advisors Inc.'s benefits plans covered 191 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $2,390,540. Insurance brokers and agents were paid $97,180 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.1% of premiums. That is $509 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 18% from $82,676 in 2023.

Insurance contracts · 20246
BLUE CROSS BLUE SHIELD OF MASSACHUSETTS · health$2.2M · 277 covered
BLUE CROSS BLUE SHIELD OF MASSACHUSETTS · dental$187K · 302 covered
BLUE CROSS BLUE SHIELD OF MASSACHUSETTS · vision$19K · 248 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · lifepremiums n/a · 69 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · ltdpremiums n/a · 264 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · stdpremiums n/a · 478 covered
Brokers & agents paid · 20241
HILB GROUP OF NEW ENGLAND$97,180 · incl $17,086 fees
Also brokered by Hilb Group of New England5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 470982334 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.