Plan Ledger DOL Form 5500 · updated monthly

Severegn Management, LLCbenefits

Severegn Management Employee Welfare Plan · PHOENIXVILLE, PA · plan year 2025

Broker compensation reported · 2025
$89,608

Severegn Management, LLC's benefits plans covered 131 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,051,054. Insurance brokers and agents were paid $89,608 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.5% of premiums. That is $684 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 25% from $71,646 in 2024.

Insurance contracts · 20253
INDEPENDENCE BLUE CROSS · health ppo$872K · 114 covered
INDEPENDENCE BLUE CROSS · drug$179K · 114 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · health dental vision life std ltdpremiums n/a · 130 covered
Brokers & agents paid · 20253
SIMKISS & BLOCK,$75,624 · incl $11,044 fees
ALERA GROUP, INC.$8,229 · incl $6,904 fees
ALERA GENERAL AGENCY INSURANCE$5,755
Also brokered by Simkiss & Block,4

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 872538336 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.