Plan Ledger DOL Form 5500 · updated monthly

Parsec, LLCbenefits

Budco Group, Inc. Employee Benefits Program · WARREN, MI · plan year 2024

Broker compensation reported · 2024
$146,962

Parsec, LLC's benefits plan covered 1,772 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits. Insurance brokers and agents were paid $146,962 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $83 per covered person, below the median for employer plans that report broker pay.

Insurance contracts · 20241
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 1,772 covered
Brokers & agents paid · 20241
USI INSURANCE SERVICES LLC$146,962 · incl $24,656 fees
Also brokered by Usi5
The Faison Center VA$1,640,677

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 311411831 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.