Plan Ledger DOL Form 5500 · updated monthly

Newteam LLCbenefits

Newteam LLC Health & Welfare Benefit Plan · FOREST LAKE, MN · plan year 2024

Broker compensation reported · 2024
$187,418

Newteam LLC's benefits plans covered 513 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $187,418 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $365 per covered person, above the median for employer plans that report broker pay. Broker pay fell 11% from $210,017 in 2023.

Insurance contracts · 20243
MEDICA INSURANCE COMPANY · health drugpremiums n/a · 699 covered
VISION SERVICE PLAN · visionpremiums n/a · 280 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 515 covered
Brokers & agents paid · 20244
HOLMES MURPHY & ASSOCIATES LLC$166,771 · incl $11,042 fees
AUTOMATIC DATA PROCESSING, INC.$10,000 · incl $10,000 fees
AVANT SPECIALTY BENEFITS, LLC$8,373 · incl $8,373 fees
MARSH AND MCLENNAN AGENCY$2,274 · incl $2,082 fees
Also brokered by Holmes Murphy5
Conexon, LLC MO$632,134

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 461549367 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.