Plan Ledger DOL Form 5500 · updated monthly

Electrico, Incbenefits

Electrico, Inc Employee Benefits Plan · BALTIMORE, MD · plan year 2024

Broker compensation reported · 2024
$87,662

Electrico, Inc's benefits plans covered 135 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $87,662 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $649 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 2.6% from $85,415 in 2023.

Insurance contracts · 20244
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES · healthpremiums n/a · 86 covered
DOMINION NATIONAL · dental ppopremiums n/a · 65 covered
VISION SERVICE PLAN · visionpremiums n/a · 87 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 135 covered
Brokers & agents paid · 20246
HMS INSURANCE ASSOCIATES, INC.$33,138 · incl $32,816 fees
MARSH & MCLENNAN AGENCY LLC$23,654 · incl $23,593 fees
KELLY & ASSOCIATES INS GROUP INC$13,125 · incl $13,125 fees
HMS INSURANCE ASSOCIATES INC$9,253 · incl $960 fees
KELLY & ASSOCIATES INSURANCE$6,402 · incl $6,402 fees
Also brokered by Hms Insurance Associates, Inc.2

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 520692249 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.