Plan Ledger DOL Form 5500 · updated monthly

Master Spasbenefits

Master Spas Employee Benefit Plan · FORT WAYNE, IN · plan year 2024

Broker compensation reported · 2024
$7,768

Master Spas's benefits plans covered 353 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance brokers and agents were paid $7,768 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $22 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 3.6% from $8,057 in 2023.

Insurance contracts · 20241
UNUM LIFE INSURANCE COMPANY OF AMERICA · life ltdpremiums n/a · 477 covered
Brokers & agents paid · 20242
PHILLIPS BENEFITS ADVISORS, LLC$5,704
PROFESSIONAL GROUP PLANS INC$2,064 · incl $2,064 fees
Also brokered by Phillips Benefits Advisors, LLC5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 351974251 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.