Plan Ledger DOL Form 5500 · updated monthly

Aludec USA, Inc.benefits

Aludec USA, Inc. Group Term Life Plan · EDEN PRAIRIE, MN · plan year 2024

Broker compensation reported · 2024
$13,392

Aludec USA, Inc.'s benefits plans covered 180 active participants in 2024, providing life · death benefits. Insurance premiums totaled $90,334. Insurance brokers and agents were paid $13,392 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 14.8% of premiums. That is $74 per covered person, below the median for employer plans that report broker pay. Broker pay rose 9.6% from $12,222 in 2023.

Insurance contracts · 20243
STANDARD INSURANCE COMPANY · std$39K · 180 covered
STANDARD INSURANCE COMPANY · life$33K · 180 covered
STANDARD INSURANCE COMPANY · ltd$19K · 117 covered
Brokers & agents paid · 20241
HAYS COMPANIES, INC.$13,392 · incl $1,709 fees
Also brokered by Hays Companies5

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2024, EIN 852295312 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.