Plan Ledger DOL Form 5500 · updated monthly

Powersecure, Inc.benefits

Powersecure, Inc. Flexible Benefit Plan · DURHAM, NC · plan year 2024

Broker compensation reported · 2024
$324,203

Powersecure, Inc.'s benefits plans covered 909 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $324,203 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $357 per covered person, above the median for employer plans that report broker pay. Broker pay rose 33% from $243,670 in 2023.

Insurance contracts · 20247
AMERITAS LIFE INSURANCE CORP. · dental visionpremiums n/a · 1,474 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · stdpremiums n/a · 894 covered
SUN LIFE ASSURANCE COMPANY OF CANADApremiums n/a · 213 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · lifepremiums n/a · 894 covered
LIFE INSURANCE COMPANY OF NORTH AMERICApremiums n/a · 894 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · ltdpremiums n/a · 894 covered
AMERICAN HERITAGE LIFE INSURANCE COMPANY · lifepremiums n/a · 77 covered
Brokers & agents paid · 20244
MCGRIFF INSURANCE SERVICES LLC$102,329 · incl $19,746 fees
HIPP MICHAEL$1,490
Also brokered by Marsh McLennan Agency5
Sanford ND$4,316,517

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 841169358 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.