Plan Ledger DOL Form 5500 · updated monthly

Precision Associates, Inc.benefits

Precision Associates Group Benefit Sec. 125 Plan · MINNEAPOLIS, MN · plan year 2024

Broker compensation reported · 2024
$16,251

Precision Associates, Inc.'s benefits plans covered 82 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $16,251 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $198 per covered person, above the median for employer plans that report broker pay. Broker pay rose 23% from $13,216 in 2023.

Insurance contracts · 20242
LIFE INSURANCE COMPANY OF NORTH AMERICA · life std ltdpremiums n/a · 82 covered
Brokers & agents paid · 20241
USI INSURANCE SERVICES LLC$16,251 · incl $3,079 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 410763581 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.