Plan Ledger DOL Form 5500 · updated monthly

Masaba, Inc.benefits

Masaba, Inc. Basic Life and Ad&D · VERMILLION, SD · plan year 2024

Broker compensation reported · 2024
$18,850

Masaba, Inc.'s benefits plans covered 141 active participants in 2024, providing life · death benefits. Insurance premiums totaled $576,558. Insurance brokers and agents were paid $18,850 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.3% of premiums. That is $134 per covered person, below the median for employer plans that report broker pay. Broker pay rose 17% from $16,127 in 2023.

Insurance contracts · 20244
AVERA HEALTH PLANS, INC. · health drug ppo$545K · 210 covered
STANDARD INSURANCE COMPANY · life$32K · 147 covered
VISION SERVICE PLAN · visionpremiums n/a · 68 covered
AVERA EAPpremiums n/a · 150 covered
Brokers & agents paid · 20243
SILVERSTONE GROUP$15,588
Also brokered by Silverstone Group5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 421505445 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.