Plan Ledger DOL Form 5500 · updated monthly

Ferrandino and Son, Inc.benefits

Ferrandino and Son, Inc. Health and Welfare Plan · FARMINGDALE, NY · plan year 2024

Broker compensation reported · 2024
$94,374

Ferrandino and Son, Inc.'s benefits plans covered 154 active participants in 2024, providing health · dental · vision. Insurance brokers and agents were paid $94,374 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $613 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 12% from $107,312 in 2023.

Insurance contracts · 20241
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health dental visionpremiums n/a · 154 covered
Brokers & agents paid · 20243
HERITAGE BENEFIT SOLUTIONS$50,826 · incl $46,072 fees
CENTERSTONE INS & FIN SERV LLC$37,901 · incl $37,901 fees
DKG INSURANCE & FINANCIAL SERV INC$5,647 · incl $5,119 fees
Also brokered by Heritage Benefit Solutions1

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 113144705 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.