Cerence Operating Companybenefits
Cerence, Inc. Welfare Benefits Plan · BURLINGTON, MA · plan year 2024
Broker compensation reported · 2024
$63,215
Cerence Operating Company's benefits plans covered 125 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance brokers and agents were paid $63,215 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $506 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 18% from $76,818 in 2023.
Insurance contracts · 20246
BLUE CROSS BLUE SHIELD OF MASSACHUSETTS, INC. · health drug dentalpremiums n/a · 210 covered
STANDARD INSURANCE COMPANY · lifepremiums n/a · 94 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · ltdpremiums n/a · 125 covered
FEDERAL INSURANCE COMPANYpremiums n/a · 124 covered
FOUR EVER LIFE INSURANCE COMPANY · health dentalpremiums n/a · 125 covered
EYEMED VISION CARE ON BEHALF OF FIDELITY SECURITY LIFE INSURANCE CO. · visionpremiums n/a · 191 covered
Brokers & agents paid · 20243
BROWN AND BROWN OF MASSACHUSETTS$62,537 · incl $10,372 fees
HAYS COMPANIES, INC.$505 · incl $505 fees
INDIGO INSURANCE SERVICES$173 · incl $173 fees
Also brokered by Brown & Brown5
Beth Israel Lahey Health, Inc. MA$3,690,428
Dana-Farber Cancer Institute, Inc. MA$1,776,211
Bj's Wholesale Club, Inc. MA$1,391,058
Srm Concrete, LLC TN$1,315,284
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 841730382 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.