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Sponsor portfolioWelfare / HealthEIN 41-1421691

BGM GROUP, LLC

7900 INTERNATIONAL DRIVE · BLOOMINGTON, MN 55425
9528442500
Plans filed
2
Years active
2021–2024
Industry
NAICS 54
Latest filing
2024
Total premiums (latest)
$1.5M
No prior year
Persons covered
261
No prior year
Total participants
142
No prior year
Plans filed
2
No prior year

Plans under this sponsor

2 plans
Plan #502$1.5M
BGM GROUP, LLC HEALTH AND WELFARE BENEFITS PLAN
Fully insured261 covered·3 carriers
Primary: HEALTHPARTNERS INSURANCE COMPANY
Plan #501$0
BGM GROUP, LLC HEALTH AND WELFARE BENEFITS PLAN
Fully insured100 covered·1 carrier
Primary: METROPOLITAN LIFE INSURANCE COMPANY

Coverage overview

Aggregate, latest year
Benefit typePremiumShareDistribution
Other$1.5M32.6%
Health$1.3M27.4%
Prescription drug$1.3M27.4%
Dental$132K2.8%
Vision$116K2.5%
Life$116K2.5%
Short-term disability$116K2.5%
Long-term disability$116K2.5%

Carrier overview

3 carriers · all plans
CarrierCoverageTotal premiumSharePlansContractsCovered
HEALTHPARTNERS INSURANCE COMPANY
EIN 411683523
HRxOth
$1.3M83.9%11261
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA
EIN 135123390
DOth
$132K8.6%11133
PRINCIPAL LIFE INSURANCE COMPANY
EIN 420127290
VLSTDLTDOth
$116K7.5%11253

Broker overview

4 brokers · all plans
BrokerLocCarriersCommissionsFeesTotal compSharePlans
ALLIANT INSURANCE SERVICES, INC.CHICAGO, ILPRINCIPAL LIFE INSURANCE COMPANY, HEALTHPARTNERS INSURANCE COMPANY, THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA$28K$66K$94K85.4%1
LOCKTON COMPANIES, LLCMINNEAPOLIS, MNPRINCIPAL LIFE INSURANCE COMPANY, HEALTHPARTNERS INSURANCE COMPANY$4K$5K$10K8.7%1
WATCHTOWER BENEFITS, LLCCHICAGO, ILTHE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA$4K$0$4K3.7%1
UNKNOWNBLOOMINGTON, MNHEALTHPARTNERS INSURANCE COMPANY$0$2K$2K2.3%1

History & trajectory

4 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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