Plan Ledger DOL Form 5500 · updated monthly

State Employees Credit Unionbenefits

State Employees' Credit Union Welfare Benefits Plan · RALEIGH, NC · plan year 2024

Broker compensation reported · 2024
$431,244

State Employees Credit Union's benefits plans covered 7,724 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $431,244 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $56 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 67% from $1,303,727 in 2023.

Insurance contracts · 20247
RELIASTAR LIFE INSURANCE COMPANYpremiums n/a · 10,327 covered
METROPOLITAN LIFE INSURANCE COMPANY · lifepremiums n/a · 4,878 covered
METROPOLITAN LIFE INSURANCE COMPANY · lifepremiums n/a · 8,259 covered
METROPOLITAN LIFE INSURANCE COMPANY · ltdpremiums n/a · 12,490 covered
METROPOLITAN LIFE INSURANCE COMPANY · lifepremiums n/a · 6,561 covered
Brokers & agents paid · 20242
AON CONSULTING INC$123,658 · incl $123,658 fees
Also brokered by Custom Benefit Programs Inc5
Richard O Ellenburg NC$58,770,952
Tyson Foods, Inc. AR$5,322,065
Sodexo, Inc. MD$1,900,945

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 560475645 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.