Production Saw & Machine Co.benefits
Production Saw & Machine Welfare Benefit Plan · CLARKLAKE, MI · plan year 2024
Broker compensation reported · 2024
$64,823
Production Saw & Machine Co.'s benefits plans covered 148 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $64,823 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $438 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 30% from $92,733 in 2023.
Insurance contracts · 20247
PRIORITY HEALTH · healthpremiums n/a · 167 covered
PRIORITY HEALTH INSURANCE CO. · healthpremiums n/a
FIDELITY SECURITY LIFE INSURANCE CO. · visionpremiums n/a · 165 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · dentalpremiums n/a · 114 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 128 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · stdpremiums n/a · 128 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · ltdpremiums n/a · 128 covered
Brokers & agents paid · 20245
DANIEL C. WEAVER$32,938
GIS BENEFITS INC$6,793 · incl $6,793 fees
BOON CHAPMAN BENEFIT ADMIN INC$3,531 · incl $3,531 fees
BENEFIT PROFILES INC$2,570 · incl $2,570 fees
BARKER WEBER INSURANCE AGENCY INC$18,991 · incl $1,995 fees
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 382073430 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.