Plan Ledger DOL Form 5500 · updated monthly

Maxim Group LLCbenefits

Maxim Group LLC Insurance Plan · WOODBURY, NY · plan year 2023

Broker compensation reported · 2023
$200,947

Maxim Group LLC's benefits plan covered 114 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $2,842,735. Insurance brokers and agents were paid $200,947 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.1% of premiums. That is $1,763 per covered person, in the top 10% of employer plans that report broker pay.

Insurance contracts · 20235
AETNA LIFE INSURANCE CO. · health dental vision$2.7M · 269 covered
FIRST UNUM LIFE INSURANCE COMPANY · ltd$69K · 220 covered
FIRST UNUM LIFE INSURANCE COMPANY · std ltd$34K · 51 covered
FIRST UNUM LIFE INSURANCE COMPANY · life$30K · 40 covered
Brokers & agents paid · 20234
FOUNDATION RISK PARTNERS. LLC$143,345
CENTERSTONE INS AGENCY & FINANCIAL$37,870
NFP CORPORATE SERVICES NY, LLC$19,166 · incl $2,651 fees
2 individual agents · names withheld$566

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.

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Source: DOL Form 5500 Schedule A, plan year 2023, EIN 043640096 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.