Plan Ledger DOL Form 5500 · updated monthly

Morningside Universitybenefits

Group Life Insurance Plan · SIOUX CITY, IA · plan year 2024

Broker compensation reported · 2024
$6,530

Morningside University's benefits plans covered 234 active participants in 2024, providing life. Insurance premiums totaled $2,931,636. Insurance brokers and agents were paid $6,530 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.2% of premiums. That is $28 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 1.7% from $6,419 in 2023.

Insurance contracts · 20244
WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA · health$2.8M · 180 covered
WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA · dental$171K · 183 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 234 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · ltdpremiums n/a · 234 covered
Brokers & agents paid · 20241
MERCER HEALTH & BENEFITS - URB$6,530 · incl $688 fees
Also brokered by Mercer5
Lowes Companies, Inc. NC$10,259,702
Caterpillar Inc. TX$5,319,156

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 420680400 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.