Plan Ledger DOL Form 5500 · updated monthly

Tradition Development Corp.benefits

Tradition Development Corp. Life Plan · LAKEVILLE, MN · plan year 2024

Broker compensation reported · 2024
$6,496

Tradition Development Corp.'s benefits plans covered 98 active participants in 2024, providing life · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $6,496 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $66 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 12% from $5,808 in 2023.

Insurance contracts · 20241
PRINCIPAL LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 98 covered
Brokers & agents paid · 20241
Also brokered by Marsh McLennan Agency5
Sanford ND$4,316,517

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 202600009 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.