Engineered Products Co.benefits
Engineered Products Company Erisa Wrap Plan · MINNETONKA, MN · plan year 2024
Previously filed as Engineered Products Co. Same employer identification number; renames and acquisitions are why old benefits and 401(k) accounts get lost.
Engineered Products Co.'s benefits plans covered 103 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $57,562 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $559 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 21% from $47,404 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 411278341 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.