Plan Ledger DOL Form 5500 · updated monthly

Trustees of Minneapolis Auto Dealers Employee Benefit Fundbenefits

Minneapolis Auto Dealers Employee Benefit Fund · BLOOMINGTON, MN · plan year 2024

Broker compensation reported · 2024
$125,831

Trustees of Minneapolis Auto Dealers Employee Benefit Fund's benefits plans covered 1,194 active participants in 2024, providing health · life · dental · short-term disability. Insurance brokers and agents were paid $125,831 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $105 per covered person, below the median for employer plans that report broker pay. Broker pay rose 5.1% from $119,766 in 2023.

Insurance contracts · 20242
UNION LABOR LIFE INSURANCE COMPANY · lifepremiums n/a · 1,191 covered
HCC LIFE INSURANCE COMPANY · stop-losspremiums n/a · 858 covered
Brokers & agents paid · 20242
BROWN & BROWN INSURANCE SERVICES$82,227 · incl $39,051 fees
Also brokered by Brown & Brown5
Srm Concrete, LLC TN$1,315,284

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 416011699 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.