Plan Ledger DOL Form 5500 · updated monthly

Alexander Electric Co., Inc.benefits

Alexander Electric Co., Inc. Welfare Benefit Plan · COLUMBUS, GA · plan year 2024

Broker compensation reported · 2024
$28,481

Alexander Electric Co., Inc.'s benefits plans covered 121 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $862,128. Insurance brokers and agents were paid $28,481 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.3% of premiums. That is $235 per covered person, above the median for employer plans that report broker pay. Brokers were paid 5.5x the $5,185 reported for 2023.

Insurance contracts · 20243
BLUE CROSS AND BLUE SHIELD OF ALABAMA · health drug ppo$862K · 219 covered
METROPOLITAN LIFE INSURANCE COMPANY · dental visionpremiums n/a · 236 covered
EQUITABLE · life std ltdpremiums n/a · 143 covered
Brokers & agents paid · 20245
BOON CHAPMAN BENEFIT ADMINISTRATORS$18,108 · incl $5,058 fees
J SMITH LANIER & CO$7,976
GIS BENEFITS INC$1,402 · incl $1,402 fees
MARSH & MCLENNAN AGENCY LLC$989 · incl $989 fees
MARSH & MCLEENAN AGENCY LLC$6 · incl $6 fees
Also brokered by Boon Chapman Benefit Administrators5
Indyne Inc MD$1,474,140
Constellis, LLC VA$426,548

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 581152393 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.