Engineered Protection Systems, Incbenefits
Engineered Protection Systems, Inc. Welfare Benefit Plan · GRAND RAPIDS, MI · plan year 2024
Engineered Protection Systems, Inc's benefits plans covered 234 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $1,877,336. Insurance brokers and agents were paid $64,457 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.4% of premiums. That is $275 per covered person, above the median for employer plans that report broker pay. Broker pay fell 2.6% from $66,181 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 381844884 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.