Plan Ledger DOL Form 5500 · updated monthly

Schuler, Inc.benefits

Schuler, Inc. Health and Welfare Plan · CANTON, MI · plan year 2024

Broker compensation reported · 2024
$175,842

Schuler, Inc.'s benefits plans covered 437 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,636,952. Insurance brokers and agents were paid $175,842 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.7% of premiums. That is $402 per covered person, above the median for employer plans that report broker pay. Broker pay rose 100% from $87,813 in 2023.

Insurance contracts · 20245
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drug ppo$1.6M · 289 covered
PROVIDENT LIFE AND ACCIDENT COMPANY · life stdpremiums n/a · 26 covered
METROPOLITAN LIFE INSURANCE COMPANY · health dental life ltdpremiums n/a · 437 covered
Brokers & agents paid · 20244
MODI FINANCIAL$43,150 · incl $208 fees
360 RISK MANAGEMENT, INC.$7,857 · incl $6,004 fees
MODI, RISHIE$124,644
Individual agent · names withheld$191

Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.

Also brokered by Modi Financial2

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 310628732 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.