The Wellness Planbenefits
The Wellness Plan Group Health and Hospitalization Benefit · DETROIT, MI · plan year 2024
Broker compensation reported · 2024
$17,215
The Wellness Plan's benefits plans covered 138 active participants in 2024, providing health · dental · vision. Insurance premiums totaled $1,037,319. Insurance brokers and agents were paid $17,215 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.7% of premiums. That is $125 per covered person, below the median for employer plans that report broker pay. Broker pay fell 69% from $55,463 in 2023.
Insurance contracts · 20244
BLUE CARE NETWORK OF MICHIGAN · health drug vision hmo$504K · 95 covered
BLUE CROSS BLUE SHIELD OF MICHIGAN · health drug vision ppo$471K · 154 covered
DELTA DENTAL OF MICHIGAN · dental$62K · 152 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 121 covered
Brokers & agents paid · 20241
BERENDS HENDRICKS STUIT INS AGENCY$17,215 · incl $3,102 fees
Also brokered by Berends Hendricks Stuit Ins Agency5
Betz Industries, Inc. MI$111,130
Melling Tool Company MI$86,795
Tgw Systems, Inc. MI$48,895
Agape Plastics Inc. MI$38,450
Wedgwood Christian Services Welfare Plan MI$30,260
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 382008890 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.