Star of the West Milling Co.benefits
Employee Benefit Plan · FRANKENMUTH, MI · plan year 2024
Broker compensation reported · 2024
$62,632
Star of the West Milling Co.'s benefits plans covered 384 active participants in 2024, providing health · life · dental · vision · long-term disability. Insurance brokers and agents were paid $62,632 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $163 per covered person, below the median for employer plans that report broker pay. Broker pay rose 15% from $54,530 in 2023.
Insurance contracts · 20243
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drug dental stop-losspremiums n/a · 699 covered
METROPOLITAN LIFE INSURANCE COMPANY · life ltdpremiums n/a · 387 covered
VISION SERVICE PLAN · visionpremiums n/a · 266 covered
Brokers & agents paid · 20243
RONALD R SCHOEN$30,469 · incl $18,000 fees
KEYSTONE INSURERS GROUP INC$8,382 · incl $3,569 fees
EMPLOYEE BENEFIT RESOURCES INC$23,781 · incl $2,672 fees
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 381065660 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.