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Sponsor portfolioWelfare / HealthEIN 41-1633269
MAGNUM ELECTRIC, INC.
471 CHRISTIANSON DRIVE WEST · WEST FARGO, ND 58078
7015513253
- Plans filed
- 1
- Years active
- 2023–2025
- Industry
- NAICS 23
- Latest filing
- 2025
Total premiums (latest)
$1.6M
No prior year
Persons covered
547
No prior year
Total participants
547
No prior year
Plans filed
1
No prior year
Plans under this sponsor
1 plan
Coverage overview
Aggregate, latest year
| Benefit type | Premium | Share | Distribution |
|---|---|---|---|
| Health | $1.2M | 27.9% | |
| Prescription drug | $1.2M | 27.9% | |
| Dental | $393K | 8.8% | |
| Vision | $393K | 8.8% | |
| Life | $393K | 8.8% | |
| Short-term disability | $393K | 8.8% | |
| Other | $393K | 8.8% |
Carrier overview
2 carriers · all plans
| Carrier | Coverage | Total premium | Share | Plans | Contracts | Covered |
|---|---|---|---|---|---|---|
EIN 911842494 | HRx | $1.2M | 76.0% | 1 | 1 | 332 |
EIN 930242990 | DVLSTDOth | $393K | 24.0% | 1 | 1 | 547 |
Broker overview
4 brokers · all plans
| Broker | Loc | Carriers | Commissions | Fees | Total comp | Share | Plans |
|---|---|---|---|---|---|---|---|
| MARSH & MCLENNAN AGENCY LLC | FARGO, ND | STANDARD INSURANCE COMPANY, SANFORD HEALTH PLAN | $82K | $6K | $88K | 84.3% | 1 |
| USI INSURANCE SERVICES LLC | VIRGINIA BEACH, VA | STANDARD INSURANCE COMPANY | $11K | $0 | $11K | 10.2% | 1 |
| NATIONAL ENROLLMENT PARTNERS LLC | CRANSTON, RI | STANDARD INSURANCE COMPANY | $0 | $3K | $3K | 3.2% | 1 |
| GIS BENEFITS INC | MORRIS, IL | STANDARD INSURANCE COMPANY | $2K | $0 | $2K | 2.4% | 1 |
History & trajectory
3 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