Plan Ledger DOL Form 5500 · updated monthly

Sietsema Farmsbenefits

Sietsema Farms · ALLENDALE, MI · plan year 2023

Broker compensation reported · 2023
$19,391

Sietsema Farms's benefits plan covered 268 active participants in 2023, providing life · dental · vision. Insurance brokers and agents were paid $19,391 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $72 per covered person, below the median for employer plans that report broker pay.

Insurance contracts · 20231
PRINCIPAL LIFE INSURANCE COMPANY · dental vision life std ppopremiums n/a · 268 covered
Brokers & agents paid · 20232
SHORELINE INSURANCE AGENCY$18,825 · incl $3,488 fees
GIS BENEFITS$566 · incl $566 fees
Also brokered by Shoreline Insurance Agency1

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Source: DOL Form 5500 Schedule A, plan year 2023, EIN 383001620 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.