Fred Alger and Company, Inc.benefits
Group Medical Plan · NEW YORK, NY · plan year 2024
Broker compensation reported · 2024
$265,565
Fred Alger and Company, Inc.'s benefits plans covered 162 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $265,565 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $1,639 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 2.5% from $259,119 in 2023.
Insurance contracts · 20244
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drug dental vision ppopremiums n/a · 260 covered
WEST HEALTH ADVOCATE SOLUTIONS, INC.premiums n/a · 144 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 169 covered
FEDERAL INSURANCE COMPANYpremiums n/a · 159 covered
Brokers & agents paid · 20242
BROWN AND BROWN OF NEW JERSEY, INC.$262,507 · incl $224,774 fees
Also brokered by Brown & Brown5
Beth Israel Lahey Health, Inc. MA$3,690,428
Dana-Farber Cancer Institute, Inc. MA$1,776,211
Bj's Wholesale Club, Inc. MA$1,391,058
Srm Concrete, LLC TN$1,315,284
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 132665689 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.