Plan Ledger DOL Form 5500 · updated monthly

Covert Manufacturing, Inc.benefits

Covert Manufacturing, Inc. Health Plan · GALION, OH · plan year 2024

Broker compensation reported · 2024
$244,092

Covert Manufacturing, Inc.'s benefits plans covered 193 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance brokers and agents were paid $244,092 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $1,265 per covered person, in the top 10% of employer plans that report broker pay. Broker pay was essentially unchanged from 2023.

Insurance contracts · 20243
OPTUM UNITED HEALTHCARE · health stop-losspremiums n/a · 208 covered
HARTFORD LIFE & ACCIDENT · life stdpremiums n/a · 193 covered
FIDELITY SECURITY LIFE INSURANCE COMPANY · visionpremiums n/a · 308 covered
Brokers & agents paid · 20248
BENEFIT ASSISTANCE CORPORATION$116,245 · incl $116,245 fees
MEDICAL MUTUAL$57,540 · incl $57,540 fees
OPTUM UNITED$35,000 · incl $35,000 fees
MEDWATCH LLC$15,048 · incl $15,048 fees
CENTRO BENEFITS RESEARCH LLC$613 · incl $613 fees
AVANT SPECIALTY BENEFITS LLC$247 · incl $247 fees

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 341059703 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.