Plan Ledger DOL Form 5500 · updated monthly

Silicon Valley Medical Development, LLCbenefits

The Silicon Valley Medical Development Employee Benefit Plan · LOS GATOS, CA · plan year 2024

Broker compensation reported · 2024
$18,562

Silicon Valley Medical Development, LLC's benefits plans covered 327 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance brokers and agents were paid $18,562 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $57 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 94% from $329,763 in 2023.

Insurance contracts · 20243
UNUM INSURANCE COMPANYpremiums n/a · 44 covered
VISION SERVICE PLAN · visionpremiums n/a · 302 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life ltdpremiums n/a · 314 covered
Brokers & agents paid · 20241
VITA INSURANCE ASSOCIATES, INC.$18,562 · incl $1,095 fees
Also brokered by Vita Insurance Associates, Inc.5
Psiquantum CA$257,977

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 263021328 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.