Plan Ledger DOL Form 5500 · updated monthly

Salem Academy and Collegebenefits

Salem Academy and College Health and Welfare Plan · WINSTON-SALEM, NC · plan year 2024

Broker compensation reported · 2024
$20,380

Salem Academy and College's benefits plans covered 130 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance brokers and agents were paid $20,380 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $157 per covered person, below the median for employer plans that report broker pay. Broker pay fell 31% from $29,709 in 2023.

Insurance contracts · 20243
VISION SERVICE PLAN · visionpremiums n/a · 90 covered
AMERICAN UNITED LIFE INSURANCE COMPANY · life ltdpremiums n/a · 130 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · dentalpremiums n/a · 92 covered
Brokers & agents paid · 20245
MARSH AND MCLENNAN AGENCY LLC$2,153 · incl $1,129 fees
THE BENEFIT COMPANY INC$1,135 · incl $1,135 fees
Also brokered by McGriff5
El Camino Hospital CA$1,115,318

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 560530005 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.