Plan Ledger DOL Form 5500 · updated monthly

Slm Corporationbenefits

Sallie Mae Employees Comprehensive Welfare Benefits Plan · NEWARK, DE · plan year 2024

Broker compensation reported · 2024
$491,091

Slm Corporation's benefits plans covered 1,757 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $491,091 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $280 per covered person, above the median for employer plans that report broker pay. Brokers were paid 4.1x the $119,840 reported for 2023.

Insurance contracts · 20247
UNITEDHEALTHCARE INSURANCE COMPANY · visionpremiums n/a · 1,313 covered
METLIFE LEGAL PLANS, INC.premiums n/a · 250 covered
METROPOLITAN LIFE INSURANCE COMPANY · dental lifepremiums n/a · 3,228 covered
NEW YORK LIFE (LIFE INSURANCE COMPANY OF NORTH AMERICA)premiums n/a · 1,757 covered
METROPOLITAN LIFE INSURANCE COMPANY · std ltdpremiums n/a · 1,624 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · stop-losspremiums n/a · 1,426 covered
Brokers & agents paid · 20242
MARSH & MCLENNAN AGENCY LLC$466,400 · incl $60,715 fees
Also brokered by Plansource Benefits Administration5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 522013874 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.