Alticor Inc.benefits
Amway Employee Health and Welfare Plan · ADA, MI · plan year 2024
Previously filed as Alticor, Inc. Same employer identification number; renames and acquisitions are why old benefits and 401(k) accounts get lost.
Alticor Inc.'s benefits plans covered 3,176 active participants in 2024, providing health · life · vision · long-term disability · death benefits · other. Insurance premiums totaled $3,044,803. Insurance brokers and agents were paid $111,177 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.7% of premiums. That is $35 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 83% from $60,896 in 2023.
Why are you looking at this plan?
Source: DOL Form 5500 Schedule A, plan year 2024, EIN 381736584 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.