Plan Ledger DOL Form 5500 · updated monthly

Michigan Corporate Servicesbenefits

Michigan Corporate Services LLC Group Benefit Plan · GRAND RAPIDS, MI · plan year 2024

Broker compensation reported · 2024
$76,518

Michigan Corporate Services's benefits plans covered 646 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $76,518 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $118 per covered person, below the median for employer plans that report broker pay. Broker pay rose 14% from $67,402 in 2023.

Insurance contracts · 20242
METROPOLITAN LIFE INSURANCE COMPANY · life std ltdpremiums n/a
DEARBORN LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 643 covered
Brokers & agents paid · 20242
HYLANT GROUP INC$61,632 · incl $4,005 fees
CENTRO BENEFITS RESEARCH LLC$14,886 · incl $13,308 fees
Also brokered by Hylant5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 450527006 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.