Elo Inc Gramon Schoolbenefits
Gramon and Affiliates Welfare Benefit Plan · FAIRFIELD, NJ · plan year 2024
Elo Inc Gramon School's benefits plans covered 351 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $223,038. Insurance brokers and agents were paid $217,707 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 97.6% of premiums. That is $620 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 40% from $155,119 in 2023.
Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 223177795 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.