Modern Woodmen of Americabenefits
Modern Woodmen of America Welfare Benefit Plan · ROCK ISLAND, IL · plan year 2024
Modern Woodmen of America's benefits plans covered 1,248 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $382,029. Insurance brokers and agents were paid $56,929 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 14.9% of premiums. That is $46 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 16% from $67,669 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 361493430 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.