Arborgen, Inc.benefits
Arborgen, Inc. Employee Benefit Plan · RIDGEVILLE, SC · plan year 2024
Arborgen, Inc.'s benefits plans covered 102 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $2,895,698. Insurance brokers and agents were paid $147,327 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.1% of premiums. That is $1,444 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 5.4x the $27,262 reported for 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 582521259 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.