Plan Ledger DOL Form 5500 · updated monthly

Composite Motors, Inc.benefits

Composite Motors, Inc. Welfare Benefits Plan · BROOKSVILLE, FL · plan year 2024

Broker compensation reported · 2024
$12,011

Composite Motors, Inc.'s benefits plans covered 164 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits. Insurance brokers and agents were paid $12,011 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $73 per covered person, below the median for employer plans that report broker pay. Broker pay rose 56% from $7,718 in 2023.

Insurance contracts · 20243
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dental life stdpremiums n/a · 164 covered
HUMANA INSURANCE COMPANY · visionpremiums n/a · 140 covered
UNITEDHEALTHCARE INSURANCE COMPANYpremiums n/a · 112 covered
Brokers & agents paid · 20244
HIGGINBOTHAM INS AGENCY INC.$8,616
THE HILB GROUP OF NEW ENGLAND LLC$2,314
STAHL & ASSOCIATES INSURANCE INC.$548
Also brokered by Higginbotham Ins Agency Inc.2

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 061594834 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.