Plan Ledger DOL Form 5500 · updated monthly

Members Choice Credit Unionbenefits

Members Choice Credit Union Health and Welfare Benefit Plan · HOUSTON, TX · plan year 2024

Broker compensation reported · 2024
$67,003

Members Choice Credit Union's benefits plans covered 116 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $67,003 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $578 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 57% from $42,742 in 2023.

Insurance contracts · 20244
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drugpremiums n/a · 133 covered
METLIFE LEGAL PLANSpremiums n/a · 17 covered
METROPOLITAN LIFE INSURANCE COMPANYpremiums n/a · 22 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · dental vision life std ltdpremiums n/a · 116 covered
Brokers & agents paid · 20242
USI INSURANCE SERVICES LLC$65,081 · incl $46,065 fees
TBX EMPLOYEE BENEFITS, LLC$1,922 · incl $432 fees
Also brokered by Usi5
The Faison Center VA$1,640,677

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 741886524 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.