Plan Ledger DOL Form 5500 · updated monthly

Smith Schafer & Associates LTDbenefits

Smith Schafer & Associates Life and Ad&D Plan · ROCHESTER, MN · plan year 2024

Broker compensation reported · 2024
$29,748

Smith Schafer & Associates LTD's benefits plans covered 101 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $29,748 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $295 per covered person, above the median for employer plans that report broker pay. Broker pay rose 119% from $13,602 in 2023.

Insurance contracts · 20241
PRINCIPAL LIFE INSURANCE COMPANY · dental vision life std ltdpremiums n/a · 183 covered
Brokers & agents paid · 20242
USI INSURANCE SERVICES LLC$22,462 · incl $7,749 fees
NATIONAL ENROLLMENT PARTNERS$7,286 · incl $7,286 fees
Also brokered by Usi5
The Faison Center VA$1,640,677

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 411706228 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.