Plan Ledger DOL Form 5500 · updated monthly

The May Institute, Inc.benefits

The May Institute Health and Welfare Plan · RANDOLPH, MA · plan year 2024

Broker compensation reported · 2024
$262,462

The May Institute, Inc.'s benefits plans covered 1,534 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $262,462 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $171 per covered person, below the median for employer plans that report broker pay. Broker pay fell 2.2% from $268,313 in 2023.

Insurance contracts · 20243
AETNA LIFE INSURANCE COMPANY · health drug dental vision hmo ppopremiums n/a · 1,450 covered
METROPOLITAN GENERAL INSURANCE COMPANYpremiums n/a · 82 covered
METROPOLITAN LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 1,534 covered
Brokers & agents paid · 20242
GALLAGHER BENEFIT SERVICES INC$195,813 · incl $48,632 fees
GALLAGHER BENEFIT SERVICES, INC.$66,649 · incl $8,448 fees
Also brokered by Gallagher5
Chem Carriers, LLC LA$5,531,992

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 042197449 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.