Plan Ledger DOL Form 5500 · updated monthly

Classic Wire Cut Company Inc.benefits

Classic Wire Cut Company Inc. Welfare Benefits Plan · VALENCIA, CA · plan year 2024

Broker compensation reported · 2024
$130,799

Classic Wire Cut Company Inc.'s benefits plans covered 121 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $130,799 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $1,081 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 33% from $98,620 in 2023.

Insurance contracts · 20243
AFLAC · life stdpremiums n/a · 21 covered
BLUE CROSS OF CALIFORNIA · health drug dental vision hmo ppopremiums n/a · 185 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · life ltdpremiums n/a · 121 covered
Brokers & agents paid · 20248
LBW INSURANCE & FINANCIAL SERVICES$66,859 · incl $136 fees
WORD & BROWN INSURANCE ADMIN., INC.$35,039 · incl $35,039 fees
FOUNDATION RISK PARTNERS CORP.$24,038
LBW INSURANCE & FINANCIAL SERVICE$3,000 · incl $3,000 fees
HORACIO J. LANZAS AND OTHER AGENTS$317
ALKEME INSURANCE SERVICES, INC.$261
JACOB BURNS, INC.$149
4 individual agents · names withheld$1,136

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.

Also brokered by Lbw Insurance & Financial Services2
Remo, Inc. CA$3,081

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 953983302 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.