Covenant Woodsbenefits
Covenant Woods Health and Welfare Plan · MECHANICSVILLE, VA · plan year 2024
Broker compensation reported · 2024
$31,354
Covenant Woods's benefits plans covered 182 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $31,354 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $172 per covered person, below the median for employer plans that report broker pay. Broker pay fell 23% from $40,724 in 2023.
Insurance contracts · 20244
VISION SERVICE PLAN · visionpremiums n/a · 137 covered
QBE INSURANCE · stop-losspremiums n/a · 144 covered
HARTFORD LIFE AND ACCIDENT · life std ltdpremiums n/a · 301 covered
ANTHEM HEALTH PLANS OF VIRGINIA, INC. · visionpremiums n/a · 195 covered
Brokers & agents paid · 20245
JAMES A SCOTT & SON INC.$25,761 · incl $671 fees
WATCHTOWER BENEFITS,LLC$2,500 · incl $2,500 fees
SCOTT INSURANCE$2,249 · incl $2,249 fees
JAMES A. SCOTT & SON, INC$789
Also brokered by James a Scott & Son Inc.5
Doc Maintenance Inc. SC$138,214
Tmeic Corporation Americas VA$96,136
US Falcon, Inc. NC$76,417
Dominion Packaging, Inc. VA$74,139
Foster Fuels, Inc. VA$68,981
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 540524902 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.