Plan Ledger DOL Form 5500 · updated monthly

Gibson-Thomas Engineering Companybenefits

Gibson-Thomas Health and Welfare Plan · LATROBE, PA · plan year 2024

Broker compensation reported · 2024
$87,387

Gibson-Thomas Engineering Company's benefits plans covered 146 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $1,099,403. Insurance brokers and agents were paid $87,387 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.9% of premiums. That is $599 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 12% from $78,206 in 2023.

Insurance contracts · 20243
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health$1.1M · 120 covered
VISION BENEFITS OF AMERICA · vision$13K · 97 covered
GUARDIAN · dental life std ltdpremiums n/a · 145 covered
Brokers & agents paid · 20242
FIRST COMMONWEALTH INS AGENCY$79,643 · incl $57,606 fees
Also brokered by First Commonwealth Ins Agency1
Cintar, Inc. PA$3,892

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 251236871 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.