Akg North America, Inc.benefits
Employee Benefit Plan of Akg North America · MEBANE, NC · plan year 2024
Akg North America, Inc.'s benefits plans covered 443 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $336,524. Insurance brokers and agents were paid $109,416 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 32.5% of premiums. That is $247 per covered person, above the median for employer plans that report broker pay. Broker pay fell 17% from $131,351 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 133102380 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.