Plan Ledger DOL Form 5500 · updated monthly

Summit Mortgage Corporationbenefits

Summit Mortgage Life, LTD and Std Benefits Plan · PLYMOUTH, MN · plan year 2024

Broker compensation reported · 2024
$12,635

Summit Mortgage Corporation's benefits plans covered 118 active participants in 2024, providing life · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $12,635 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $107 per covered person, below the median for employer plans that report broker pay. Broker pay fell 79% from $61,633 in 2023.

Insurance contracts · 20242
UNUM LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 235 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 37 covered
Brokers & agents paid · 20241
MARSH & MCLENNAN AGENCY LLC$12,635 · incl $1,989 fees
Also brokered by Marsh McLennan Agency5
Sanford ND$4,316,517

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 411726353 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.