Plan Ledger DOL Form 5500 · updated monthly

Northern Illinois Food Bankbenefits

Northern Illinois Food Bank Welfare Benefit Plan · GENEVA, IL · plan year 2024

Broker compensation reported · 2024
$122,863

Northern Illinois Food Bank's benefits plans covered 136 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $122,863 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $903 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 70% from $72,465 in 2023.

Insurance contracts · 20242
BLUE CROSS BLUE SHIELD OF ILLINOIS · healthpremiums n/a · 206 covered
EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA · dental vision life std ltd ppopremiums n/a · 136 covered
Brokers & agents paid · 20244
MARSH & MCLENNAN AGENCY LLC$63,867 · incl $2,900 fees
THE HORTON GROUP INC$36,179
GIS BENEFITS INC.$11,420 · incl $11,420 fees
Also brokered by Marsh McLennan Agency5
Sanford ND$4,316,517

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 363203648 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.