Form 5500 · Employee benefit plan · WEST FARGO, ND
MAGNUM ELECTRIC, INC.
MAGNUM ELECTRIC, INC. of WEST FARGO, ND is a 359-participant construction employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is MARSH AND MCLENNAN AGENCY. Coverage is written through SANFORD HEALTH PLAN and 1 other carrier. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 41-1633269 · plan 501 · as of Aug 2026
Plan brief
Schedule A lists 2 insured contracts covering health, dental, vision and life; the largest, with SANFORD HEALTH PLAN, covers 332 people.
Reported premium across the insured contracts is $1,635,352, with $95,148 in disclosed broker commissions — about 5.8% of premium.
The most recent policy period ended in December, and the plan year ends December 31. Group contracts typically renew on that annual cycle.
MARSH AND MCLENNAN AGENCY is the broker of record on all 2 contracts.
Two carriers split the book: SANFORD HEALTH PLAN and STANDARD INSURANCE COMPANY.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| STANDARD INSURANCE COMPANY | Dental, Vision, Life | 547 | December | $393,285 | $66,548 |
| SANFORD HEALTH PLAN | Health | 332 | December | $1,242,067 | $28,600 |
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