Betz Industries, Inc.benefits
Betz Industries, Inc. Employee Benefits Plan · GRAND RAPIDS, MI · plan year 2024
Broker compensation reported · 2024
$118,099
Betz Industries, Inc.'s benefits plans covered 394 active participants in 2024, providing health · life · dental · short-term disability · long-term disability · other. Insurance brokers and agents were paid $118,099 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $300 per covered person, above the median for employer plans that report broker pay. Broker pay rose 3.2% from $114,470 in 2023.
Insurance contracts · 20247
PRIORITY HEALTH · healthpremiums n/a · 394 covered
METROPOLITAN LIFE INSURANCE COMPANY · dentalpremiums n/a · 371 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 100 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · ltdpremiums n/a · 129 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 141 covered
UNITED OF OMAHA LIFE INSURANCE COMPANYpremiums n/a · 55 covered
UNITED OF OMAHA LIFE INSURANCE COMPANYpremiums n/a · 68 covered
Brokers & agents paid · 20243
BERENDS HENDRICKS STUIT INS AGENCY$111,130 · incl $5,925 fees
MMA SERVICE CORP$5,735 · incl $5,735 fees
NFP INSURANCE SERVICES INC$1,234 · incl $1,234 fees
Also brokered by Berends Hendricks Stuit Ins Agency5
Melling Tool Company MI$86,795
Tgw Systems, Inc. MI$48,895
Agape Plastics Inc. MI$38,450
Wedgwood Christian Services Welfare Plan MI$30,260
Macomb Residetnial Opportunities Inc MI$29,840
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 381243090 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.