Bel Brands USAbenefits
Bel Brands U.S.A., Inc. and Subsidiary Group Insurance Plan · CHICAGO, IL · plan year 2024
Bel Brands USA's benefits plans covered 841 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $116,573. Insurance brokers and agents were paid $148,648 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 127.5% of premiums. That is $177 per covered person, below the median for employer plans that report broker pay. Broker pay fell 1.8% from $151,296 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 222019556 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.