Plan Ledger DOL Form 5500 · updated monthly

Belair Instrument Company, LLC dba Avantikbenefits

Belair Instrument Company, LLC Health and Welfare Plan · SPRINGFIELD, NJ · plan year 2024

Broker compensation reported · 2024
$281,746

Belair Instrument Company, LLC dba Avantik's benefits plans covered 248 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $281,746 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $1,136 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 5.4x the $52,484 reported for 2023.

Insurance contracts · 20249
CIGNA HEALTH AND LIFE INSURANCE COMPANYpremiums n/a · 166 covered
NEW YORK LIFE-LIFE INSURANCE COMPANY OF NORTH AMERICApremiums n/a · 237 covered
NEW YORK LIFE-LIFE INSURANCE COMPANY OF NORTH AMERICA · lifepremiums n/a · 237 covered
VISION SERVICE PLAN · visionpremiums n/a · 178 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drugpremiums n/a · 208 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · dentalpremiums n/a · 206 covered
NEW YORK LIFE-LIFE INSURANCE COMPANY OF NORTH AMERICA · stdpremiums n/a · 128 covered
NEW YORK LIFE-LIFE INSURANCE COMPANY OF NORTH AMERICA · ltdpremiums n/a · 85 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANYpremiums n/a · 168 covered
Brokers & agents paid · 20241
MARSH & MCLENNAN AGENCY LLC$281,746 · incl $6,854 fees
Also brokered by Marsh McLennan Agency5
Sanford ND$4,316,517

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 465528724 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.