Plan Ledger DOL Form 5500 · updated monthly

Vandyk Mortgage Corporationbenefits

Vandyk Mortgage Corporation Health and Welfare Benefit Plan · GRAND RAPIDS, MI · plan year 2025

Broker compensation reported · 2025
$62,214

Vandyk Mortgage Corporation's benefits plans covered 215 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $103,009. Insurance brokers and agents were paid $62,214 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 60.4% of premiums. That is $289 per covered person, above the median for employer plans that report broker pay. Broker pay rose 9.5% from $56,803 in 2024.

Insurance contracts · 20255
BLUE CROSS BLUE SHIELD OF MICHIGAN · dental vision$103K · 268 covered
PRIORITY HEALTH · health drugpremiums n/a · 202 covered
DEARBORN LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 215 covered
SUN LIFE ASSURANCE COMPANY OF CANADApremiums n/a · 21 covered
PRIORITY HEALTH INSURANCE COMPANY · health drugpremiums n/a
Brokers & agents paid · 20253
CARMAN M. BAINES$44,745
HYLANT GROUP, INC.$16,595 · incl $6,052 fees
Also brokered by Carman M. Baines1

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 382749215 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.