Plan Ledger DOL Form 5500 · updated monthly

Preferred Credit, Inc.benefits

Preferred Credit, Inc - Health and Welfare Plan 505 · SAINT CLOUD, MN · plan year 2025

Previously filed as Preferred Credit, Inc. Same employer identification number; renames and acquisitions are why old benefits and 401(k) accounts get lost.

Broker compensation reported · 2025
$26,527

Preferred Credit, Inc.'s benefits plans covered 217 active participants in 2025, providing health · dental · vision · long-term disability · other. Insurance brokers and agents were paid $26,527 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $122 per covered person, below the median for employer plans that report broker pay. Broker pay fell 30% from $37,733 in 2024.

Insurance contracts · 20252
PRINCIPAL LIFE INSURANCE COMPANY · ltdpremiums n/a · 324 covered
Brokers & agents paid · 20253
STRATEGIC NON-MEDICAL SOLUTIONS$6,618 · incl $6,618 fees
BROWN & BROWN INS AGENCY OF VA$3,222 · incl $3,222 fees
Also brokered by Strategic Non-Medical Solutions5

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 411643940 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.