Plan Ledger DOL Form 5500 · updated monthly

Custom Bandag, Inc.benefits

Custom Bandag, Inc. 401(K) Salary Reduction Plan and Trust · LINDEN, NJ · plan year 2024

Broker compensation reported · 2024
$3,462

Custom Bandag, Inc.'s benefits plans covered 316 active participants in 2024, providing life. Insurance brokers and agents were paid $3,462 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $11 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 25% from $2,763 in 2023.

Insurance contracts · 20241
JOHN HANCOCK USApremiums n/a · 105 covered
Brokers & agents paid · 20241
THE RETIREMENT GROUP, LLC$3,462 · incl $1,300 fees

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 222084422 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.