Plan Ledger DOL Form 5500 · updated monthly

The Minneapolis Institute of Artsbenefits

The Minneapolis Institute of Arts Welfare Benefit Plan · MINNEAPOLIS, MN · plan year 2025

Broker compensation reported · 2025
$83,316

The Minneapolis Institute of Arts's benefits plans covered 223 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $83,316 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $374 per covered person, above the median for employer plans that report broker pay. Broker pay rose 18% from $70,449 in 2024.

Insurance contracts · 20253
MEDICA INSURANCE COMPANY · health drugpremiums n/a · 285 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · life std ltdpremiums n/a · 223 covered
Brokers & agents paid · 20254
BROWN & BROWN MN MINNEAPOLIS$54,875 · incl $1,081 fees
BROWN & BROWN INS AGNCY OF VA, INC.$1,597 · incl $1,597 fees
WATCH TOWER TECHNOLOGIES, INC.$1,446 · incl $1,446 fees
Also brokered by Brown & Brown5
Mayo Clinic MN$2,113,920
Srm Concrete, LLC TN$1,393,063

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 410693915 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.