Plan Ledger DOL Form 5500 · updated monthly

State Department Federal Credit Unionbenefits

State Department Federal Credit Union Employee Benefits Plan · ALEXANDRIA, VA · plan year 2024

Broker compensation reported · 2024
$111,795

State Department Federal Credit Union's benefits plans covered 206 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $111,795 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $543 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 3.1x the $35,684 reported for 2023.

Insurance contracts · 20245
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health dental visionpremiums n/a · 198 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · stdpremiums n/a · 206 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · ltdpremiums n/a · 128 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · lifepremiums n/a · 206 covered
LIFE INSURANCE COMPANY OF NORTH AMERICApremiums n/a · 206 covered
Brokers & agents paid · 20241
AP BENEFIT ADVISORS, LLC$111,795 · incl $1,567 fees
Also brokered by Ap Benefit Advisors, LLC5
Topbuild Corp. FL$1,896,675

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 530197045 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.