Plan Ledger DOL Form 5500 · updated monthly

National Heritage Academies, Inc.benefits

National Heritage Academies Health Care Plan · GRAND RAPIDS, MI · plan year 2024

Broker compensation reported · 2024
$161,073

National Heritage Academies, Inc.'s benefits plans covered 4,810 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $861,910. Insurance brokers and agents were paid $161,073 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 18.7% of premiums. That is $33 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 41% from $113,895 in 2023.

Insurance contracts · 20245
VISION SERVICE PLAN · vision$862K · 4,077 covered
METROPOLITAN LIFE INSURANCE COMPANY · lifepremiums n/a · 9,567 covered
METROPOLITAN LIFE INSURANCE COMPANY · stdpremiums n/a · 447 covered
METROPOLITAN LIFE INSURANCE COMPANY · ltdpremiums n/a · 1,732 covered
METROPOLITAN LIFE INSURANCE COMPANY · stdpremiums n/a · 447 covered
Brokers & agents paid · 20241
MERCER HEALTH & BENEFITS LLC$161,073 · incl $20,940 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 383244019 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.