Plan Ledger DOL Form 5500 · updated monthly

Abel HR, Inc.benefits

Abel HR, Inc. Health Insurance Plan · CRANBURY, NJ · plan year 2024

Broker compensation reported · 2024
$301,914

Abel HR, Inc.'s benefits plans covered 13,957 active participants in 2024, providing health · life · dental · short-term disability · long-term disability · other. Insurance premiums totaled $20,844. Insurance brokers and agents were paid $301,914 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1448.4% of premiums. That is $22 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 8.9% from $331,464 in 2023.

Insurance contracts · 20246
FLAGSHIP HEALTH SYSTEMS · dental$21K · 74 covered
UNITEDHEALTHCARE INSURANCE COMPANY · healthpremiums n/a · 1,937 covered
UNITEDHEALTHCARE INSURANCE COMPANY · healthpremiums n/a · 2,955 covered
METROPOLITAN LIFE INSURANCE COMPANY · dental life std ltdpremiums n/a · 5,744 covered
SAFEGUARD HEALTH PLANS, INC. A TEXAS CORPORATION · dental hmopremiums n/a · 74 covered
METROPOLITAN LIFE INSURANCE COMPANY · stdpremiums n/a · 3,240 covered
Brokers & agents paid · 20242
SUMMIT FINANCIAL GROUP INC$221,314 · incl $27,308 fees
COMPASS CONSULTING GROUP LLC$80,600
Also brokered by Summit Financial Group Inc5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 223163382 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.