Terminal Supply Companybenefits
Terminal Supply Company Welfare Benefit Plan · TROY, MI · plan year 2024
Broker compensation reported · 2024
$57,044
Terminal Supply Company's benefits plans covered 244 active participants in 2024, providing health · life · vision · long-term disability · dental. Insurance premiums totaled $1,471,574. Insurance brokers and agents were paid $57,044 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.9% of premiums. That is $234 per covered person, above the median for employer plans that report broker pay. Broker pay rose 12% from $50,960 in 2023.
Insurance contracts · 20243
BLUE CROSS BLUE SHIELD OF MICHIGAN · health$1.3M · 244 covered
GUARDIAN INSURANCE COMPANY OF AMERICA · dental vision$130K · 142 covered
GUARDIAN INSURANCE COMPANY OF AMERICA · life ltd$61K · 116 covered
Brokers & agents paid · 20243
ROBERT J. FARRIS$38,114 · incl $38,114 fees
DMC BENEFITS INC$3,051
PROADVISOR INSURANCE AGY LLC$15,879 · incl $8,058 fees
Also brokered by Robert J. Farris1
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 381850168 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.