Plan Ledger DOL Form 5500 · updated monthly

Richard McNay, Inc.benefits

Richard McNay, Inc. Employee Benefits Plan · QUINCY, IL · plan year 2024

Broker compensation reported · 2024
$16,309

Richard McNay, Inc.'s benefits plans covered 144 active participants in 2024, providing health · short-term disability · dental · vision · life · death benefits. Insurance brokers and agents were paid $16,309 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $113 per covered person, below the median for employer plans that report broker pay. Broker pay fell 8.3% from $17,791 in 2023.

Insurance contracts · 20242
AMERICAN HERITAGE LIFE INSURANCE COMPANY · stdpremiums n/a · 49 covered
PRINCIPAL LIFE INSURANCE COMPANY · dental vision life ppopremiums n/a · 122 covered
Brokers & agents paid · 20242
MIDWEST INSURANCE SOLUTIONS INC$12,083
MIDWEST INS SOLUTIONS INC$4,226
Also brokered by Midwest Insurance Solutions Inc1

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 371027643 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.