Plan Ledger DOL Form 5500 · updated monthly

Shoremaster, LLCbenefits

Shoremaster, LLC Health and Welfare Plan · FERGUS FALLS, MN · plan year 2024

Broker compensation reported · 2024
$130,921

Shoremaster, LLC's benefits plans covered 297 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $105,554. Insurance brokers and agents were paid $130,921 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 124.0% of premiums. That is $441 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 9.1% from $119,973 in 2023.

Insurance contracts · 20248
STANDARD INSURANCE COMPANY · life$66K · 297 covered
STANDARD INSURANCE COMPANY · ltd$40K · 89 covered
MEDICA INSURANCE COMPANY · healthpremiums n/a · 141 covered
MEDICA INSURANCE COMPANY · healthpremiums n/a · 39 covered
MEDICA INSURANCE COMPANY · healthpremiums n/a · 106 covered
MEDICA INSURANCE COMPANY · healthpremiums n/a · 29 covered
MEDICA INSURANCE COMPANY · healthpremiums n/a · 9 covered
Brokers & agents paid · 20246
BROWN & BROWN MN MINNEAPOLIS$84,137 · incl $2,845 fees
HAYS COMPANIES INC$19,691 · incl $3,056 fees
HAYS COMPANIES INC A BROWN&BROWN CO$23,711 · incl $2,845 fees
BROWN&BROWN INSURANCE SERVICES INC$1,020
BROWN&BROWN INSURANCE SERVICES, INC$385
Also brokered by Brown & Brown5
Srm Concrete, LLC TN$1,315,284

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 900925589 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.