Beco Inc.benefits
Beco, Inc. Health and Welfare Benefits Plan · HIGH POINT, NC · plan year 2024
Broker compensation reported · 2024
$27,113
Beco Inc.'s benefits plans covered 119 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $27,113 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $228 per covered person, above the median for employer plans that report broker pay. Broker pay fell 63% from $72,657 in 2023.
Insurance contracts · 20243
AMERICAN UNITED LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 122 covered
STANDARD INSURANCE COMPANYpremiums n/a · 39 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · visionpremiums n/a · 115 covered
Brokers & agents paid · 20247
MARSH AND MCLENNAN AGENCY, LLC$5,022 · incl $1,829 fees
THE BENEFIT COMPANY, INC$4,636 · incl $4,636 fees
THE BENEFIT COMPANY INC$3,325 · incl $860 fees
Also brokered by McGriff5
Truist Financial Corporation NC$3,131,925
Valero Energy Corporation TX$1,969,297
Old Dominion Freight Line, Inc. NC$1,796,474
Pratt Industries, Inc. GA$1,720,663
El Camino Hospital CA$1,115,318
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 560754223 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.