Plan Ledger DOL Form 5500 · updated monthly

Paragon Medicalbenefits

Paragon Medical Wrap Benefit Plan · PIERCETON, IN · plan year 2024

Broker compensation reported · 2024
$118,024

Paragon Medical's benefits plans covered 1,475 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $118,024 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $80 per covered person, below the median for employer plans that report broker pay. Broker pay rose 29% from $91,797 in 2023.

Insurance contracts · 20245
UNUM LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 1,475 covered
PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY · lifepremiums n/a · 171 covered
HEALTHJOYpremiums n/a · 1,475 covered
UNUM INSURANCE COMPANYpremiums n/a · 473 covered
Brokers & agents paid · 20244
MJ INSURANCE$83,048 · incl $19,345 fees
FRANK J. SYLVESTER$26,105
ONEDIGITAL PREMIER SERVICES$7,400 · incl $4,263 fees
NOVUS PB CONSULTANTS LLC$1,471
Also brokered by Mj Insurance5
Hopebridge, LLC IN$291,297

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 010757400 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.