Plan Ledger DOL Form 5500 · updated monthly

The Durham Companybenefits

Durham Company Group Life Ad&D and Dependent Life Plan · LEBANON, MO · plan year 2024

Broker compensation reported · 2024
$229,603

The Durham Company's benefits plans covered 1,612 active participants in 2024, providing life · short-term disability. Insurance premiums totaled $622,788. Insurance brokers and agents were paid $229,603 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 36.9% of premiums. That is $142 per covered person, below the median for employer plans that report broker pay. Broker pay rose 11% from $206,822 in 2023.

Insurance contracts · 20245
GERBER LIFE INSURANCE COMPANY · health std stop-loss$623K · 676 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 1,612 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dentalpremiums n/a · 637 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · visionpremiums n/a · 487 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · stdpremiums n/a · 445 covered
Brokers & agents paid · 20243
MED-PAY, INC.$187,248 · incl $112,205 fees
LOHN FINANCIAL LLC$15,604
PILLAR INSURANCE LLC$26,751
Also brokered by Med-Pay, Inc.4

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2024, EIN 430743043 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.