The Sierra Company, LLC dba Fenix Groupbenefits
Sierra Corporation Welfare Benefit Plan · MINNETONKA, MN · plan year 2025
Broker compensation reported · 2025
$54,666
The Sierra Company, LLC dba Fenix Group's benefits plans covered 119 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $54,666 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $459 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 11.8x the $4,625 reported for 2024.
Insurance contracts · 20252
MEDICA INSURANCE COMPANY · health drug ppopremiums n/a · 116 covered
PRINCIPAL LIFE INSURANCE COMPANY · dental vision life std ltd ppopremiums n/a · 186 covered
Brokers & agents paid · 20253
FLAGSHIP INSURANCE SERVICES, INC.$31,158 · incl $1,817 fees
USI INSURANCE SERVICES LLC$20,747
BENEUSA, LLC$2,761 · incl $2,761 fees
Also brokered by Flagship Insurance Services, Inc.1
Flagship Financial Group, Inc. MN$12,816
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 411232715 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.