Plan Ledger DOL Form 5500 · updated monthly

Riverside Health Systembenefits

Health and Welfare Plan for Employees of Riverside Health System · NEWPORT NEWS, VA · plan year 2024

Broker compensation reported · 2024
$1,333,537

Riverside Health System's benefits plans covered 6,946 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $2,960,588. Insurance brokers and agents were paid $1,333,537 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 45.0% of premiums. That is $192 per covered person, above the median for employer plans that report broker pay. Broker pay rose 22% from $1,095,353 in 2023.

Insurance contracts · 20246
UNITED CONCORDIA · dental$3.0M · 10,626 covered
AETNA LIFE INSURANCE COMPANYpremiums n/a · 2,107 covered
VISION SERVICE PLAN · visionpremiums n/a · 4,957 covered
METLIFE LEGAL PLANSpremiums n/a · 1,011 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 6,946 covered
Brokers & agents paid · 20249
MARSH AND MCLENNAN AGENCY$735,986 · incl $151,094 fees
LOCKTON COMPANIES, LLC$497,104 · incl $25,875 fees
LOCKTON SPECIALTIES, LLC$56,825 · incl $56,825 fees
BSWIFT$34,972
BENEFIT COMMUNICATIONS INC & OTHERS$1,353 · incl $126 fees
Also brokered by Marsh McLennan Agency5
Sanford ND$4,316,517

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 521241840 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.