Plan Ledger DOL Form 5500 · updated monthly

Mgc Contractors, Inc.benefits

Mgc Contractors, Inc. Wrap Benefit Plan · PHOENIX, AZ · plan year 2025

Broker compensation reported · 2025
$102,629

Mgc Contractors, Inc.'s benefits plans covered 322 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $102,629 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $319 per covered person, above the median for employer plans that report broker pay. Broker pay rose 6.7% from $96,181 in 2024.

Insurance contracts · 20253
METROPOLITAN LIFE INSURANCE COMPANY · dentalpremiums n/a · 534 covered
UNITED BEHAVIORAL HEALTH DBA OPTUMpremiums n/a · 332 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · vision life std ltdpremiums n/a · 492 covered
Brokers & agents paid · 20255
BOON-CHAPMAN, INC.$16,211 · incl $16,211 fees
GIS BENEFITS, INC.$26,452 · incl $18,814 fees
GIS BENEFITS, INC$6,936 · incl $6,936 fees
BOON CHAPMAN BENEFIT ADMINISTRATOR$4,583 · incl $4,583 fees
MJ INSURANCE$48,447 · incl $1,105 fees
Also brokered by Boon-Chapman, Inc.5

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 860443028 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.