Plan Ledger DOL Form 5500 · updated monthly

Tfc, Inc.benefits

Corwin Automotive Group Health and Welfare Benefit · FARGO, ND · plan year 2024

Broker compensation reported · 2024
$120,204

Tfc, Inc.'s benefits plans covered 964 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $770,066. Insurance brokers and agents were paid $120,204 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 15.6% of premiums. That is $125 per covered person, below the median for employer plans that report broker pay. Broker pay rose 12% from $107,009 in 2023.

Insurance contracts · 20244
STANDARD INSURANCE COMPANY · dental$657K · 900 covered
STANDARD INSURANCE COMPANY · vision$113K · 769 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · std ltdpremiums n/a · 191 covered
BLUE CROSS BLUE SHIELD OF NORTH DAKOTA · healthpremiums n/a · 1,798 covered
Brokers & agents paid · 20244
DAWSON INSURANCE, MARSH & MCLENNAN$10,333 · incl $2,394 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 450361974 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.