Plan Ledger DOL Form 5500 · updated monthly

Park Nicollet Health Servicesbenefits

Park Nicollet Welfare Benefits Wrap Plan · ST. LOUIS PARK, MN · plan year 2024

Broker compensation reported · 2024
$521,845

Park Nicollet Health Services's benefits plans covered 10,173 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $8,205,804. Insurance brokers and agents were paid $521,845 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.4% of premiums. That is $51 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 51% from $344,508 in 2023.

Insurance contracts · 20245
STANDARD INSURANCE COMPANY · ltd$4.3M · 7,462 covered
STANDARD INSURANCE COMPANY · life$3.7M · 9,101 covered
STANDARD INSURANCE COMPANY · std$127K · 172 covered
UNUM LIFE INSURANCE COMPANY OF AMERICApremiums n/a · 334 covered
METLIFE LEGAL PLANSpremiums n/a · 770 covered
Brokers & agents paid · 20245
WILLIS TOWNERS WATSON US LLC$311,048 · incl $17,396 fees
HAYS BENEFITS GROUP LLC$88,525 · incl $82,505 fees
Also brokered by Strategic Non-Medical Solution5
Workday, Inc. CA$203,049
Bank of Hawaii HI$99,335

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 363465840 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.