Plan Ledger DOL Form 5500 · updated monthly

Strom Engineering Corporationbenefits

Strom Engineering Corporation Essential Staffcare · MINNETONKA, MN · plan year 2024

Broker compensation reported · 2024
$21,577

Strom Engineering Corporation's benefits plans covered 94 active participants in 2024, providing health · life · dental · short-term disability. Insurance brokers and agents were paid $21,577 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $230 per covered person, above the median for employer plans that report broker pay. Broker pay fell 50% from $43,275 in 2023.

Insurance contracts · 20244
BCS INSURANCE COMPANY · healthpremiums n/a · 88 covered
BCS INSURANCE COMPANY · dentalpremiums n/a · 94 covered
4 EVER LIFE INSURANCE COMPANY · lifepremiums n/a · 65 covered
4 EVER LIFE INSURANCE COMPANY · stdpremiums n/a · 49 covered
Brokers & agents paid · 20242
INSURANCE APPLICATIONS GROUP$12,068
PLANNED ADMINISTRATORS, INC.$9,509 · incl $9,509 fees
Also brokered by Insurance Applications Group5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 410857249 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.