Plan Ledger DOL Form 5500 · updated monthly

Wico Metal Products Companybenefits

Wico Metal Products Employee Benefit Plan · WARREN, MI · plan year 2024

Broker compensation reported · 2024
$68,358

Wico Metal Products Company's benefits plans covered 387 active participants in 2024, providing health · life · dental · vision · death benefits. Insurance premiums totaled $76,964. Insurance brokers and agents were paid $68,358 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 88.8% of premiums. That is $177 per covered person, below the median for employer plans that report broker pay. Broker pay rose 15% from $59,415 in 2023.

Insurance contracts · 20247
DELTA DENTAL OF MICHIGAN · dental$52K · 192 covered
DELTA DENTAL OF MICHIGAN · dental$25K · 134 covered
METROPOLITAN LIFE INSURANCE COMPANY · lifepremiums n/a · 442 covered
HEALTH ALLIANCE PLAN · health hmopremiums n/a · 211 covered
NATIONAL VISION ADMINISTRATORS, L.L.C. · visionpremiums n/a · 325 covered
ALLIANCE HEALTH AND LIFE INSURANCE COMPANY · health ppopremiums n/a · 115 covered
EMPLOYEE HEALTH INSURANCE MANAGEMENT, INC. · drugpremiums n/a · 183 covered
Brokers & agents paid · 20244
KAPNICK & COMPANY, INC.$53,372 · incl $455 fees
CENTRO BENEFITS RESEARCH LLC$8,643 · incl $2,476 fees
KAPNICK & CO INC.$4,820 · incl $4,820 fees
KAPNICK AND COMPANY, INC.$1,523
Also brokered by Kapnick & Company, Inc.5
Kalitta Air, LLC MI$413,558

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 381790134 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.