Plan Ledger DOL Form 5500 · updated monthly

Medfarmsbenefits

Medfarms Health and Welfare Benefit Plan · ROMEO, MI · plan year 2023

Broker compensation reported · 2023
$18,106

Medfarms's benefits plan covered 173 active participants in 2023, providing health · life · dental · vision · death benefits. Insurance premiums totaled $24,532. Insurance brokers and agents were paid $18,106 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 73.8% of premiums. That is $105 per covered person, below the median for employer plans that report broker pay.

Insurance contracts · 20234
DELTA DENTAL OF MICHIGAN · dental$25K · 71 covered
DEARBORN LIFE INSURANCE COMPANY · lifepremiums n/a · 173 covered
BLUE CROSS AND BLUE SHIELD OF MICHIGAN · health drug vision ppopremiums n/a · 532 covered
BLUE CARE NETWORK OF MICHIGAN · health drug hmopremiums n/a · 29 covered
Brokers & agents paid · 20232
UNKNOWN$4,925
AUSTIN BENEFITS GROUP$13,181
Also brokered by Unknown5
First Orion Corp AR$181,664

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Source: DOL Form 5500 Schedule A, plan year 2023, EIN 834651209 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.