Plan Ledger DOL Form 5500 · updated monthly

Summit Med Group Operations, LLCbenefits

Smg Operations Employee Health Plan · KNOXVILLE, TN · plan year 2024

Broker compensation reported · 2024
$184,293

Summit Med Group Operations, LLC's benefits plans covered 1,567 active participants in 2024, providing dental · vision · long-term disability · other · life · short-term disability. Insurance premiums totaled $1,522,186. Insurance brokers and agents were paid $184,293 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 12.1% of premiums. That is $118 per covered person, below the median for employer plans that report broker pay. Broker pay rose 26% from $145,767 in 2023.

Insurance contracts · 202410
DELTA DENTAL OF TENNESSEE · dental$678K · 2,016 covered
RELIANCE STANDARD LIFE INS CO · life$359K · 1,373 covered
RELIANCE STANDARD LIFE INSURANCE CO · std$274K · 555 covered
RELIANCE STANDARD LIFE INSURANCE CO · ltd$68K · 1,925 covered
RELIANCE STANDARD LIFE INSURANCE CO · std$64K · 311 covered
RELIANCE STANDARD LIFE INSURANCE CO · health$58K · 215 covered
RELIANCE STANDARD LIFE INSURANCE CO · life$20K · 1,318 covered
BLUE RE OF TENNESSEE · healthpremiums n/a · 1,777 covered
METROPOLITAN LIFE INSURANCE COMPANY · visionpremiums n/a · 1,861 covered
METROPOLITAN LIFE INSURANCE COMPANY · visionpremiums n/a · 2,488 covered
Brokers & agents paid · 20245
HUB INTERNATION AL MIDWEST LIMITED$68,922 · incl $15,000 fees
HUB NATIONAL MIDWEST LIMITED$15,076 · incl $2,894 fees
HUB INTERNATIONAL MIDWEST LIMITED$91,148 · incl $18,729 fees
GREGORY SHERROD$5,844
HUB INTERNATIONAL$3,303 · incl $3,303 fees

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 863630544 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.