Plan Ledger DOL Form 5500 · updated monthly

Richards Building Supplybenefits

Richards Building Supply Employee Benefits Plan · HOMER GLEN, IL · plan year 2024

Broker compensation reported · 2024
$274,803

Richards Building Supply's benefits plans covered 646 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $274,803 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $425 per covered person, above the median for employer plans that report broker pay. Broker pay rose 19% from $230,196 in 2023.

Insurance contracts · 20243
BLUECROSS BLUESHIELD OF ILLINOIS · health drug dentalpremiums n/a · 876 covered
DEARBORN LIFE INSURANCE COMPANY · vision life std ltdpremiums n/a · 665 covered
Brokers & agents paid · 20243
GALLAGHER BENEFIT SERVICES INC$202,298 · incl $5,856 fees
GALLAGHER BENEFIT SERVICES$67,510 · incl $6,620 fees
Also brokered by Gallagher5
Chem Carriers, LLC LA$5,531,992

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 362958463 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.