Automation Solutions, Inc. D/B/A Iautomationbenefits
Automation Solutions, Inc. Health and Welfare Plan · FRANKLIN, MA · plan year 2024
Automation Solutions, Inc. D/B/A Iautomation's benefits plans covered 218 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,703,275. Insurance brokers and agents were paid $110,915 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.5% of premiums. That is $509 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 20% from $139,172 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 260251174 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.