Bgf Industries, Inc.benefits
Benefit Plans of Bgf Industries, Inc. · DANVILLE, VA · plan year 2024
Broker compensation reported · 2024
$152,890
Bgf Industries, Inc.'s benefits plans covered 498 active participants in 2024, providing life · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $152,890 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $307 per covered person, above the median for employer plans that report broker pay. Broker pay rose 17% from $130,722 in 2023.
Insurance contracts · 20245
EYEMED VISION CARE · visionpremiums n/a · 663 covered
PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANYpremiums n/a · 89 covered
HARTFORD LIFE AND ACCIDENTpremiums n/a
RELIANCE STANDARD LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 527 covered
BANKERS FIDELITY LIFE INSURANCE COMPANYpremiums n/a · 116 covered
Brokers & agents paid · 20245
FORESTER BENEFITS MANAGEMENT LLC$45,174 · incl $3,019 fees
FORESTER BENEFITS MANAGEMENT, LLC$15,397
WILLIS TOWERS WATSON INSURANCE SERV$10,057 · incl $10,057 fees
Also brokered by Forester Benefits Management LLC5
Central Transport LLC MI$206,404
Pave America Interco, LLC VA$120,937
Logistics Insight Corp MI$40,550
Welch Packaging Group, Inc. IN$36,840
Flagship Facility Services, LLC TX$27,839
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 561600845 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.