Plan Ledger DOL Form 5500 · updated monthly

Mortgage 1, Inc.benefits

Mortgage 1, Inc. Employee Benefit Plan · STERLING HEIGHTS, MI · plan year 2025

Broker compensation reported · 2025
$85,340

Mortgage 1, Inc.'s benefits plans covered 175 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $1,139,148. Insurance brokers and agents were paid $85,340 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.5% of premiums. That is $488 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 32% from $64,852 in 2024.

Insurance contracts · 20253
BLUE CARE NETWORK OF MICHIGAN · health drug hmo$596K · 115 covered
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drug ppo$543K · 62 covered
GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dental vision life std ltdpremiums n/a · 178 covered
Brokers & agents paid · 20252
THEODORE SOUPHIS$51,148
HUB INTERNATIONAL MIDWEST LIMITED$34,192 · incl $11,268 fees
Also brokered by Theodore Souphis1

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 383133176 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.