Building Products Inc.benefits
Building Products Inc. Employee Life Insurance Plan · WATERTOWN, SD · plan year 2024
Previously filed as Building Products, Inc. Same employer identification number; renames and acquisitions are why old benefits and 401(k) accounts get lost.
Building Products Inc.'s benefits plans covered 188 active participants in 2024, providing life · long-term disability · other. Insurance premiums totaled $1,519,408. Insurance brokers and agents were paid $40,154 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.6% of premiums. That is $214 per covered person, above the median for employer plans that report broker pay. Broker pay rose 3.5% from $38,812 in 2023.
Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.
Why are you looking at this plan?
Source: DOL Form 5500 Schedule A, plan year 2024, EIN 460250491 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.