Plan Ledger DOL Form 5500 · updated monthly

Channel Shipyard Co., Inc.benefits

Channel Shipyard Co., Inc. New Welfare Benefit Plan · HIGHLANDS, TX · plan year 2024

Broker compensation reported · 2024
$87,427

Channel Shipyard Co., Inc.'s benefits plans covered 133 active participants in 2024, providing health · life · dental · vision · other. Insurance brokers and agents were paid $87,427 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $657 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 21% from $72,484 in 2023.

Insurance contracts · 20243
PRINCIPAL LIFE INSURANCE COMPANY · dental vision life std ppopremiums n/a · 263 covered
UNITEDHEALTHCARE INSURANCE COMPANY · healthpremiums n/a · 333 covered
BLUECROSS BLUESHIELD OF TEXAS · healthpremiums n/a · 264 covered
Brokers & agents paid · 20243
BCI INSURANCE SOLUTIONS, INC.$65,738 · incl $4,766 fees
BENEFIT CONCEPTS INC$15,175 · incl $15,175 fees
CENTRO BENEFITS RESEARCH LLC$6,514 · incl $6,514 fees
Also brokered by Bci Insurance Solutions, Inc.5
USA Water, LLC TX$180,638

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 742138920 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.