Parallel AGbenefits
Parallel AG Group Health and Welfare Benefit Plan · DES MOINES, IA · plan year 2024
Broker compensation reported · 2024
$58,037
Parallel AG's benefits plans covered 311 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $58,037 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $187 per covered person, below the median for employer plans that report broker pay. Broker pay rose 45% from $39,951 in 2023.
Insurance contracts · 20242
WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA · health ppopremiums n/a · 263 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dental vision life std ltdpremiums n/a · 311 covered
Brokers & agents paid · 20241
HOLMES MURPHY & ASSOCIATES$58,037 · incl $1,846 fees
Also brokered by Holmes Murphy5
Garmin International, Inc. KS$727,501
Conexon, LLC MO$632,134
Builders Firstsource, Inc. TX$526,746
Austin Industries, Inc. TX$410,300
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 861416912 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.