Plan Ledger DOL Form 5500 · updated monthly

Maryland Troopers Association, Inc.benefits

Maryland Troopers Association, Inc. Group Life Insurance · PIKESVILLE, MD · plan year 2024

Broker compensation reported · 2024
$51,976

Maryland Troopers Association, Inc.'s benefits plans covered 1,145 active participants in 2024, providing life. Insurance premiums totaled $520,638. Insurance brokers and agents were paid $51,976 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.0% of premiums. That is $45 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 17% from $44,546 in 2023.

Insurance contracts · 20241
STANDARD INSURANCE COMPANY · life$521K · 2,716 covered
Brokers & agents paid · 20241
THE HILB GROUP OF MARYLAND LLC$51,976 · incl $4,448 fees
Also brokered by The Hilb Group of Maryland LLC5
Qps, LLC DE$193,596

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 521207145 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.