Avaap USA LLCbenefits
Avaap Benefit Plan · EDISON, NJ · plan year 2024
Avaap USA LLC's benefits plans covered 342 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $35,504. Insurance brokers and agents were paid $91,870 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 258.8% of premiums. That is $269 per covered person, above the median for employer plans that report broker pay. Broker pay rose 125% from $40,796 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 262647108 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.