Varnum LLPbenefits
Varnum Profit-Sharing and Retirement Savings Plan · GRAND RAPIDS, MI · plan year 2024
Varnum LLP's benefits plans covered 263 active participants in 2024, providing life. Insurance premiums totaled $5,734. Insurance brokers and agents were paid $68,410 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1193.1% of premiums. That is $260 per covered person, above the median for employer plans that report broker pay. Broker pay rose 85% from $36,973 in 2023.
Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 381294924 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.