Plan Ledger DOL Form 5500 · updated monthly

Phillips Corporationbenefits

Phillips Corporation Flexible Benefit Plan · HANOVER, MD · plan year 2025

Broker compensation reported · 2025
$249,698

Phillips Corporation's benefits plans covered 347 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $249,698 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $720 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 19% from $308,035 in 2024.

Insurance contracts · 20253
UNITEDHEALTHCARE INSURANCE COMPANY · health drug dental visionpremiums n/a · 892 covered
PRUDENTIAL INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 347 covered
LEGALSHIELDpremiums n/a · 98 covered
Brokers & agents paid · 20251
LOCKTON COMPANIES, LLC$249,698 · incl $183,422 fees
Also brokered by Lockton5
Banner Health AZ$3,486,058
Peraton, Inc. VA$2,031,509
Dollar Tree, Inc. VA$1,645,687

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 520736062 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.