Backoffice Associates LLC dba Synitibenefits
Backoffice Associates, LLC Welfare Plans · NEEDHAM, MA · plan year 2024
Broker compensation reported · 2024
$186,297
Backoffice Associates LLC dba Syniti's benefits plans covered 291 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $186,297 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $640 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 51% from $382,414 in 2023.
Insurance contracts · 20247
AETNA LIFE INSURANCE COMPANY · health drugpremiums n/a · 685 covered
METROPOLITAN LIFE INSURANCE COMPANY · dental vision lifepremiums n/a · 291 covered
FEDERAL INSURANCE COMPANYpremiums n/a · 291 covered
AETNA BEHAVIORAL HEALTH, LLCpremiums n/a
HEALTH AND HUMAN RESOURCE CENTER, INC.premiums n/a · 10 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · life std ltdpremiums n/a · 291 covered
METROPOLITAN LIFE INSURANCE COMPANYpremiums n/a · 143 covered
Brokers & agents paid · 202410
BROWN & BROWN OF MASSACHUSETTS$113,448 · incl $113,448 fees
BROWN & BROWN$18,884
BROWN & BROWN OF MASSACHUSETTS LLC$10,487 · incl $1,534 fees
BROWN & BROWN INS AGENCY OF VA INC$6,432 · incl $6,432 fees
GIS BENEFITS, INC.$3,773 · incl $925 fees
BOON CHAPMAN BENEFIT ADMINISTRATORS$2,848 · incl $2,848 fees
WILLIS TOWERS WATSON INS. SERVICES$1,983 · incl $1,983 fees
STRATEGIC BENEFIT ADVISORS$1,742
BROWN & BROWN INSURANCE SVCS INC$2,854 · incl $416 fees
Also brokered by Brown & Brown5
Beth Israel Lahey Health, Inc. MA$3,690,428
Dana-Farber Cancer Institute, Inc. MA$1,776,211
Bj's Wholesale Club, Inc. MA$1,391,058
Srm Concrete, LLC TN$1,315,284
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 261544182 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.