Plan Ledger DOL Form 5500 · updated monthly

Western Products, Inc.benefits

Western Products, Inc. Health and Welfare Benefit Plan · FARGO, ND · plan year 2024

Broker compensation reported · 2024
$35,629

Western Products, Inc.'s benefits plans covered 152 active participants in 2024, providing life · dental · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $35,629 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $234 per covered person, above the median for employer plans that report broker pay. Broker pay rose 40% from $25,438 in 2023.

Insurance contracts · 20249
PRINCIPAL LIFE INSURANCE COMPANY · lifepremiums n/a · 153 covered
PRINCIPAL LIFE INSURANCE COMPANY · lifepremiums n/a · 156 covered
PRINCIPAL LIFE INSURANCE COMPANY · lifepremiums n/a · 138 covered
PRINCIPAL LIFE INSURANCE COMPANY · lifepremiums n/a · 134 covered
PRINCIPAL LIFE INSURANCE COMPANY · lifepremiums n/a · 137 covered
PRINCIPAL LIFE INSURANCE COMPANY · lifepremiums n/a · 145 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · dental life std ltdpremiums n/a · 152 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 146 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · ltdpremiums n/a · 146 covered
Brokers & agents paid · 20244
VAALER INSURANCE INC$15,997 · incl $1,088 fees
CHOICE FINANCIAL GROUP$16,926 · incl $3,557 fees
GIS BENEFITS INC$541 · incl $541 fees
Also brokered by Vaaler Insurance Inc5
Vaderstad, LLC ND$31,363

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 450438998 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.