Andela, Inc.benefits
Andela, Inc Welfare Benefits Plan · NEW YORK, NY · plan year 2024
Broker compensation reported · 2024
$88,381
Andela, Inc.'s benefits plans covered 88 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $88,381 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $1,004 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 3.4x the $26,200 reported for 2023.
Insurance contracts · 20242
AETNA LIFE INSURANCE CO · health drug dental vision ppopremiums n/a · 189 covered
LINCOLN LIFE AND ANNUITY COMPANY OF NEW YORK · life std ltdpremiums n/a · 88 covered
Brokers & agents paid · 20243
LUMITY INSURANCE SERVICES INC$77,371 · incl $5,305 fees
LUMITY INC$5,569
ARCHON LLC$5,441 · incl $5,441 fees
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 371760438 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.