Plan Ledger DOL Form 5500 · updated monthly

Neches Federal Credit Unionbenefits

Neches Federal Credit Union Health and Welfare Plan · PORT NECHES, TX · plan year 2024

Broker compensation reported · 2024
$109,060

Neches Federal Credit Union's benefits plans covered 221 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $109,060 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $493 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 15% from $95,171 in 2023.

Insurance contracts · 20242
BLUECROSS BLUESHIELD OF TEXAS · health drug dentalpremiums n/a · 296 covered
DEARBORN LIFE INSURANCE COMPANY · vision life std ltdpremiums n/a · 221 covered
Brokers & agents paid · 20241
USI INSURANCE SERVICES SOUTHWEST$109,060 · incl $4,928 fees
Also brokered by Usi5
The Faison Center VA$1,640,677

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 741288128 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.