Area Agency on Aging 1-Bbenefits
Area Agency on Aging 1-B Welfare Benefits Plan · SOUTHFIELD, MI · plan year 2023
Area Agency on Aging 1-B's benefits plan covered 136 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,541,534. Insurance brokers and agents were paid $79,827 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.2% of premiums. That is $587 per covered person, in the top quarter of employer plans that report broker pay.
Why are you looking at this plan?
Source: DOL Form 5500 Schedule A, plan year 2023, EIN 382729505 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.