Morgan Distributing, Inc.benefits
Morgan Distributing, Inc. Welfare Benefit Plan · DECATUR, IL · plan year 2024
Broker compensation reported · 2024
$71,044
Morgan Distributing, Inc.'s benefits plans covered 116 active participants in 2024, providing life · short-term disability · long-term disability. Insurance brokers and agents were paid $71,044 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $612 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 152% from $28,144 in 2023.
Insurance contracts · 20247
NEW YORK LIFE INSURANCE COMPANY · lifepremiums n/a · 110 covered
NEW YORK LIFE INSURANCE COMPANY · ltdpremiums n/a · 81 covered
NEW YORK LIFE INSURANCE COMPANY · stdpremiums n/a · 75 covered
NEW YORK LIFE INSURANCE COMPANY · lifepremiums n/a · 116 covered
NEW YORK LIFE INSURANCE COMPANY · ltdpremiums n/a · 84 covered
NEW YORK LIFE INSURANCE COMPANY · stdpremiums n/a · 78 covered
HEALTH ALLIANCE MEDICAL PLANS · healthpremiums n/a · 112 covered
Brokers & agents paid · 20243
AMERICAN CENTRAL INSURANCE SERVICES$20,100
DISABILITY RMS$30,559 · incl $30,559 fees
JAMES MATUSIN$20,385
Also brokered by American Central Insurance Services2
Richardson Manufacturing Company Benefit IL$47,968
American Central Financial Group IL$16,853
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 371004314 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.