Plan Ledger DOL Form 5500 · updated monthly

Open Systems (Ost de LLC)benefits

Open Systems Technologies Health & Welfare Plan · GRAND RAPIDS, MI · plan year 2023

Broker compensation reported · 2023
$56,103

Open Systems (Ost de LLC)'s benefits plan covered 273 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $310,204. Insurance brokers and agents were paid $56,103 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 18.1% of premiums. That is $206 per covered person, above the median for employer plans that report broker pay.

Insurance contracts · 20234
DELTA DENTAL OF MICHIGAN · dental$310K · 716 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · life ltdpremiums n/a · 273 covered
UNUM LIFE INSURANCE COMPANY OF AMERICApremiums n/a · 46 covered
Brokers & agents paid · 20232
LIGHTHOUSE GROUP$51,098 · incl $5,838 fees
NATIONAL BENEFIT CENTER$5,005 · incl $5,005 fees
Also brokered by Lighthouse Group5
Vec (USA), Inc. MI$133,217

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Source: DOL Form 5500 Schedule A, plan year 2023, EIN 455105718 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.