Plan Ledger DOL Form 5500 · updated monthly

Electrical Equipment Companybenefits

Group Life Insurance, Dependent Life Insurance, Ad&D Insurance · RALEIGH, NC · plan year 2024

Broker compensation reported · 2024
$43,532

Electrical Equipment Company's benefits plans covered 259 active participants in 2024, providing life. Insurance brokers and agents were paid $43,532 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $168 per covered person, below the median for employer plans that report broker pay. Broker pay fell 4.5% from $45,573 in 2023.

Insurance contracts · 20246
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES · dentalpremiums n/a · 221 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES · visionpremiums n/a · 221 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · lifepremiums n/a · 259 covered
LIFE INSURANCE COMPANY OF NORTH AMERICApremiums n/a · 259 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · ltdpremiums n/a · 259 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · stdpremiums n/a · 259 covered
Brokers & agents paid · 20243
SCOTT INSURANCE SERVICES$12,438
WATCHTOWER TECHNOLOGIES, INC.$5,114 · incl $5,114 fees
Also brokered by Scott Insurance Services2

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 560213900 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.