Plan Ledger DOL Form 5500 · updated monthly

Veridian Credit Unionbenefits

Veridian Credit Union Welfare Plan · WATERLOO, IA · plan year 2025

Broker compensation reported · 2025
$181,494

Veridian Credit Union's benefits plans covered 889 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $11,230,668. Insurance brokers and agents were paid $181,494 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.6% of premiums. That is $204 per covered person, above the median for employer plans that report broker pay. Broker pay rose 7.0% from $169,664 in 2024.

Insurance contracts · 20258
WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA · health$10.6M · 886 covered
STANDARD INSURANCE COMPANY · life$213K · 908 covered
STANDARD INSURANCE COMPANY · std$196K · 814 covered
STANDARD INSURANCE COMPANY · ltd$180K · 814 covered
ASSURITY LIFE INSURANCE COMPANY · healthpremiums n/a · 626 covered
DELTA DENTAL OF IOWA · dentalpremiums n/a · 980 covered
FIDELITY SECURITY LIFE INSURANCE COMPANY · visionpremiums n/a · 546 covered
METLIFE LEGAL PLANSpremiums n/a · 76 covered
Brokers & agents paid · 20257
ZACH CORPORATION DBA GROUP BEN$68,751
PEDERSEN DOWIE, CLABBY & MCCAUSLAND$30,900 · incl $3,816 fees
PEDERSEN, DOWIE, CLABBY &$55,389
PEDERSON DOWIE CLABBY & MCCAUSLAND$15,372
PEDERSEN DOWIE CLABBY & MCCAUSLAND$9,070
ZACH CORPORATION$1,514
PATRIOT GROWTH INSURANCE SERVICES L$498 · incl $8 fees
Also brokered by Zach Corporation dba Group Ben1

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 421132695 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.