Plan Ledger DOL Form 5500 · updated monthly

Tgw Systems, Inc.benefits

Tgw Systems Inc. · GRAND RAPIDS, MI · plan year 2024

Broker compensation reported · 2024
$52,213

Tgw Systems, Inc.'s benefits plans covered 251 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $289,551. Insurance brokers and agents were paid $52,213 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 18.0% of premiums. That is $208 per covered person, above the median for employer plans that report broker pay. Broker pay rose 6.0% from $49,259 in 2023.

Insurance contracts · 20244
DELTA DENTAL OF MICHIGAN · dental$168K · 460 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · life ltd$121K · 252 covered
MUTUAL OF OMAHA INSURANCE COMPANYpremiums n/a · 157 covered
Brokers & agents paid · 20242
BERENDS HENDRICKS STUIT INS AGENCY$48,895 · incl $15,925 fees
NFP INSURANCE SERVICES, INC.$3,318 · incl $3,318 fees
Also brokered by Berends Hendricks Stuit Ins Agency5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 203056285 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.