Plan Ledger DOL Form 5500 · updated monthly

Marmen Energy Companybenefits

Marmen Energy Company Welfare Benefits Plan · BRANDON, SD · plan year 2024

Broker compensation reported · 2024
$27,512

Marmen Energy Company's benefits plans covered 243 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $216,541. Insurance brokers and agents were paid $27,512 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 12.7% of premiums. That is $113 per covered person, below the median for employer plans that report broker pay. Broker pay fell 37% from $43,921 in 2023.

Insurance contracts · 20246
STANDARD INSURANCE COMPANY · life$68K · 258 covered
STANDARD INSURANCE COMPANY · std$67K · 243 covered
STANDARD INSURANCE COMPANY · ltd$38K · 243 covered
STANDARD INSURANCE COMPANY · vision$27K · 189 covered
STANDARD INSURANCE COMPANYpremiums n/a · 159 covered
Brokers & agents paid · 20241
Also brokered by Marsh McLennan Agency5
Sanford ND$4,316,517

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 300774022 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.