Plan Ledger DOL Form 5500 · updated monthly

The Faison Centerbenefits

The Faison Center, Inc. Employee Benefit Plan · RICHMOND, VA · plan year 2024

Broker compensation reported · 2024
$1,649,510

The Faison Center's benefits plans covered 189 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $1,649,510 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $8,728 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 9.9x the $166,476 reported for 2023.

Insurance contracts · 20244
ANTHEM HEALTH PLANS OF VIRGINIA, INC. · health drug ppopremiums n/a
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dentalpremiums n/a · 189 covered
HEALTHKEEPERS, INC. · health drug hmopremiums n/a · 224 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · vision life std ltdpremiums n/a · 288 covered
Brokers & agents paid · 20242
USI INSURANCE SERVICES LLC$1,640,677 · incl $2,190 fees
THE CASON GROUP INC$8,833 · incl $7,925 fees
Also brokered by Usi5
Assa Abloy Inc. CT$1,228,351

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 030387451 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.