Plan Ledger DOL Form 5500 · updated monthly

Russ Milne Ford Incbenefits

Russ Milne Ford Inc Welfare Benefit Plan · MACOMB, MI · plan year 2024

Broker compensation reported · 2024
$74,761

Russ Milne Ford Inc's benefits plans covered 117 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $851,844. Insurance brokers and agents were paid $74,761 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.8% of premiums. That is $639 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 3.4x the $22,102 reported for 2023.

Insurance contracts · 20243
BLUE CARE NETWORK OF MICHIGAN · health$642K · 151 covered
BLUE CROSS BLUE SHIELD OF MICHIGAN · health$210K · 28 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dental vision life std ltdpremiums n/a · 117 covered
Brokers & agents paid · 20244
GALLAGHER BENEFIT SERVICES, INC.$19,491 · incl $4,227 fees
BENEFIT PROFILES INC$13,992
KIMBERLY PERKINS$40,793
GALLAGHER BENEFIT SERVICES$485 · incl $485 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 381612335 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.