Plan Ledger DOL Form 5500 · updated monthly

Mill Steel Companybenefits

Mill Steel Company Employee Benefit Plan · GRAND RAPIDS, MI · plan year 2023

Broker compensation reported · 2023
$30,315

Mill Steel Company's benefits plan covered 375 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $162,294. Insurance brokers and agents were paid $30,315 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 18.7% of premiums. That is $81 per covered person, below the median for employer plans that report broker pay.

Insurance contracts · 20234
DELTA DENTAL OF MICHIGAN · dental$162K · 640 covered
VISION SERVICE PLAN · visionpremiums n/a · 274 covered
PINE REST CHRISTIAN MENTAL HEALTH SERVICESpremiums n/a · 375 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · life ltdpremiums n/a · 379 covered
Brokers & agents paid · 20231
USI INSURANCE SERVICES LLC$30,315 · incl $8,425 fees
Also brokered by Usi5
Bronco Wine Company CA$1,411,592

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Source: DOL Form 5500 Schedule A, plan year 2023, EIN 381676218 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.