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