Creative Alternatives Incbenefits
Creative Alternatives Inc Life Insurance & Accidental Death & Dismemberment Plan · TURLOCK, CA · plan year 2024
Previously filed as Creative Alternatives Inc. Same employer identification number; renames and acquisitions are why old benefits and 401(k) accounts get lost.
Creative Alternatives Inc's benefits plans covered 155 active participants in 2024, providing life. Insurance premiums totaled $9,347. Insurance brokers and agents were paid $1,936 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 20.7% of premiums. That is $12 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 11% from $2,169 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 942378380 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.