Plan Ledger DOL Form 5500 · updated monthly

Richmond Ford, LLCbenefits

Richmond Ford, LLC Welfare Benefit Plan · RICHMOND, VA · plan year 2024

Broker compensation reported · 2024
$104,238

Richmond Ford, LLC's benefits plans covered 221 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $104,238 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $472 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 63% from $63,977 in 2023.

Insurance contracts · 20243
AMERITAS LIFE INSURANCE CORP. · dental visionpremiums n/a · 354 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · life std ltdpremiums n/a · 221 covered
AMERICAN PUBLIC LIFE INSURANCE COMPANY · stop-losspremiums n/a · 200 covered
Brokers & agents paid · 20241
HILB GROUP OF MARYLAND$104,238 · incl $727 fees
Also brokered by Hilb Group of Maryland5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 320046035 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.