Plan Ledger DOL Form 5500 · updated monthly

Millenium Systems Internationalbenefits

Millenium Systems International Welfare Benefit Plan · PARSIPPANY, NJ · plan year 2025

Broker compensation reported · 2025
$178,924

Millenium Systems International's benefits plans covered 150 active participants in 2025, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $24,857. Insurance brokers and agents were paid $178,924 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 719.8% of premiums. That is $1,193 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 27% from $141,379 in 2024.

Insurance contracts · 20256
STANDARD INSURANCE COMPANY · std$25K · 136 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health dentalpremiums n/a · 200 covered
UNUM LIFE INSURANCE COMPANY OF AMERICApremiums n/a · 40 covered
VISION SERVICE PLAN · visionpremiums n/a · 151 covered
Brokers & agents paid · 20253
AP BENEFIT ADVISORS LLC$173,408 · incl $159,740 fees
MARY WALSH$4,273
JAME R NELLIGAN AND ASSOC LLC$1,243
Also brokered by Ap Benefit Advisors LLC5
Sikich, LLC IL$358,775

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 990421352 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.