Plan Ledger DOL Form 5500 · updated monthly

Security Packaging, Incbenefits

Security Packaging Wrap Benefit Plan · FLINT, MI · plan year 2024

Previously filed as Security Packaging Inc. Same employer identification number; renames and acquisitions are why old benefits and 401(k) accounts get lost.

Broker compensation reported · 2024
$50,708

Security Packaging, Inc's benefits plans covered 84 active participants in 2024, providing health · dental · vision · life · short-term disability · long-term disability · other. Insurance premiums totaled $636,256. Insurance brokers and agents were paid $50,708 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.0% of premiums. That is $604 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 98% from $25,628 in 2023.

Insurance contracts · 20244
BLUE CARE NETWORK OF MICHIGAN · health drug hmo$550K · 84 covered
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drug vision ppo$86K · 100 covered
AMERITAS LIFE INSURANCE · dentalpremiums n/a · 129 covered
PRUDENTIAL LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 81 covered
Brokers & agents paid · 20245
ALBERT MITCHELL$32,112
NFP INSURANCE SERVICES$394 · incl $394 fees
CAMBRIDGE CONSULTING GROUP, LLC$12,215 · incl $1,738 fees
IMG$19 · incl $19 fees
Also brokered by Nfp5

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2024, EIN 382503040 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.