Empresas Berriosbenefits
Empresas Berrios Welfare Benefit Plan · CIDRA, PR · plan year 2024
Broker compensation reported · 2024
$5,483,135
Empresas Berrios's benefits plan covered 576 active participants in 2024, providing health · dental · life · other · long-term disability. Insurance premiums totaled $3,055,023. Insurance brokers and agents were paid $5,483,135 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 179.5% of premiums. That is $9,519 per covered person, in the top 10% of employer plans that report broker pay.
Insurance contracts · 20242
MCS LIFE INSURANCE COMPANY · health drug dental life ppo$2.3M · 405 covered
FIRST MEDICAL HEALTH PLAN, INC. · health drug dental vision life ppo$804K · 171 covered
Brokers & agents paid · 20242
OLYMPIC AGENCY, INC.$2,317,920 · incl $66,857 fees
CGF INSURANCE LLC$3,165,215 · incl $110,192 fees
Also brokered by Olympic Agency, Inc.3
Cesar Castillo, Inc. PR$1,644,699
G.M.T., LLC PR$1,117,531
Trafon Group PR$504,947
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 660580021 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.