Plan Ledger DOL Form 5500 · updated monthly

Freedom Industries, Inc.benefits

Freedom Industries, Inc. Employee Benefits Plan · ROCKY MOUNT, NC · plan year 2024

Broker compensation reported · 2024
$23,126

Freedom Industries, Inc.'s benefits plans covered 173 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $168,704. Insurance brokers and agents were paid $23,126 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 13.7% of premiums. That is $134 per covered person, below the median for employer plans that report broker pay. Broker pay fell 26% from $31,181 in 2023.

Insurance contracts · 20246
STANDARD INSURANCE COMPANY · dental$59K · 104 covered
STANDARD INSURANCE COMPANY · std$58K · 77 covered
STANDARD INSURANCE COMPANY · life$21K · 115 covered
STANDARD INSURANCE COMPANY · ltd$20K · 62 covered
STANDARD INSURANCE COMPANY · vision$11K · 90 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · stop-losspremiums n/a · 95 covered
Brokers & agents paid · 20244
WATCHTOWER TECHNOLOGIES INC$705 · incl $705 fees
WATCHTOWER TECNOLOGIES, INC$113 · incl $113 fees
WATCHTOWER TECNOLOGIES INC$56 · incl $56 fees
Also brokered by James a Scott & Son Inc5
Propel Peo, Inc SC$637,061

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 200450529 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.