Plan Ledger DOL Form 5500 · updated monthly

Micro Strategies, Inc.benefits

Micro Strategies, Inc. Health and Welfare Benefit · PARSIPPANY, NJ · plan year 2024

Broker compensation reported · 2024
$122,101

Micro Strategies, Inc.'s benefits plans covered 107 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $122,101 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $1,141 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 23% from $99,369 in 2023.

Insurance contracts · 20243
PRINCIPAL LIFE INSURANCE COMPANY · dental vision life ltdpremiums n/a · 202 covered
HORIZON HEALTHCARE SERVICES, INC · health drugpremiums n/a · 75 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · stdpremiums n/a · 148 covered
Brokers & agents paid · 20245
SAVOY ASSOCIATES$59,443 · incl $10,161 fees
PHOENIX INSURANCE GROUP INC$23,223
GIS BENEFITS INC$19,902 · incl $19,902 fees
RISK PLACEMENT SERVICES INC$11,968 · incl $2,046 fees
JAMES R NELLIGAN AND ASSOCIATES LLC$7,565 · incl $3,740 fees
Also brokered by Savoy Associates5
Manasquan Bank NJ$87,112
Subcom, LLC NJ$80,744

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 222464278 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.