Plan Ledger DOL Form 5500 · updated monthly

Maxim Group Insurance Planbenefits

Maxim Group LLC Insurance Plan · WOODBURY, NY · plan year 2024

Broker compensation reported · 2024
$214,556

Maxim Group Insurance Plan's benefits plan covered 106 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $2,866,526. Insurance brokers and agents were paid $214,556 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.5% of premiums. That is $2,024 per covered person, in the top 10% of employer plans that report broker pay.

Insurance contracts · 20247
AETNA LIFE INSURANCE CO. · health dental vision$2.7M · 240 covered
FIRST UNUM LIFE INSURANCE COMPANY · ltd$64K · 169 covered
FIRST UNUM LIFE INSURANCE COMPANY · std ltd$39K · 45 covered
FIRST UNUM LIFE INSURANCE COMPANY · life$31K · 32 covered
Brokers & agents paid · 20246
FOUNDATION RISK PARTNERS, CORP. LLC$142,798
CENTERSTONE INS AGENCY & FINANCIAL$37,967
NFP CORPORATE SERVICES NY, LLC$20,141 · incl $2,671 fees
LENOX ADVISORS INC$12,245 · incl $3,076 fees
NFP INSURANCE SERVICES, INC.$862 · incl $862 fees
2 individual agents · names withheld$543

Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.

Also brokered by Foundation Risk Partners, Corp. LLC3

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 043640096 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.