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Sponsor portfolioWelfare / HealthEIN 41-0907221

BANNER ENGINEERING CORP.

9714 10TH AVENUE NORTH · PLYMOUTH, MN 55441
7635443164
Plans filed
3
Years active
2015–2025
Industry
NAICS 33
Latest filing
2025
Total premiums (latest)
$806K
No prior year
Persons covered
1,056
No prior year
Total participants
1,040
No prior year
Plans filed
3
No prior year

Plans under this sponsor

3 plans
Plan #503$806K
BANNER ENGINEERING CORP. HEALTH AND WELFARE BENEFIT PLAN
Mixed1,056 covered·4 carriers
Primary: THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
Plan #502$404K
LIFE AND DISABILITY INSURANCE PLAN BANNER ENGINEERING CORP
Fully insured944 covered·1 carrier
Primary: SUN LIFE ASSURANCE COMPANY OF CANADA
Plan #501$86K
FLEXIBLE CONTRIBUTION ACCOUNT PLAN BANNER ENGINEERING CORP
Mixed851 covered·1 carrier
Primary: AMERITAS LIFE INSURANCE CORPORATION

Coverage overview

Aggregate, latest year
Benefit typePremiumShareDistribution
Other$745K33.7%
Life$701K31.7%
Long-term disability$701K31.7%
Vision$62K2.8%

Carrier overview

4 carriers · all plans
CarrierCoverageTotal premiumSharePlansContractsCovered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
EIN 350472300
LLTDOth
$701K86.9%111,032
EYEMED VISION CARE
EIN 430949844
V
$62K7.7%11909
METROPOLITAN LIFE INSURANCE COMPANY
EIN 222342710
Oth
$31K3.9%11155
UNITEDHEALTHCARE INSURANCE COMPANY
EIN 942649097
Oth
$12K1.5%111,056

Broker overview

2 brokers · all plans
BrokerLocCarriersCommissionsFeesTotal compSharePlans
GALLAGHER BENEFIT SERVICES, INC.CHICAGO, ILMETROPOLITAN GENERAL INSURANCE COMPANY, THE LINCOLN NATIONAL LIFE INSURANCE COMPANY, EYEMED VISION CARE ON BEHALF OF FIDELITY SECURITY LIFE INSURANCE CO.$87K$0$87K90.4%1
UKG INCATLANTA, GATHE LINCOLN NATIONAL LIFE INSURANCE COMPANY$0$9K$9K9.6%1

History & trajectory

11 years · all plans
Total premiums
Summed across all plans for this sponsor.
Persons covered
EOY headcount summed across all plans.
Carrier mix
Premium by top carriers, summed across plans.
Broker compensation
Comp by top brokers, summed across plans.

Policy details

Latest year, by plan
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