Plan Ledger DOL Form 5500 · updated monthly

Synergy Enterprises, Inc.benefits

Synergy Enterprises, Inc., Welfare Benefit Plan · NORTH BETHESDA, MD · plan year 2023

Broker compensation reported · 2023
$72,589

Synergy Enterprises, Inc.'s benefits plan covered 98 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $10,936. Insurance brokers and agents were paid $72,589 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 663.8% of premiums. That is $741 per covered person, in the top 10% of employer plans that report broker pay.

Insurance contracts · 20233
FIDELITY SECURITY LIFE INSURANCE · vision$11K · 147 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 129 covered
GROUP HOSPITALIZATION MEDICAL SERVICES, INC. · health drug dental hmo ppopremiums n/a · 154 covered
Brokers & agents paid · 20234
POTOMAC BASIN GROUP ASSOC LLC$8,728 · incl $8,728 fees
THE MELTZER GROUP, INC$62,979 · incl $56,213 fees
NFP INSURANCE SERVICES INC$354 · incl $354 fees
Individual agent · names withheld$528

Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.

Also brokered by Potomac Basin Group Assoc LLC5

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Source: DOL Form 5500 Schedule A, plan year 2023, EIN 043755253 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.