Plan Ledger DOL Form 5500 · updated monthly

Gillespie and Son, Incbenefits

Gillespie and Son Inc · CHESTERTOWN, MD · plan year 2024

Broker compensation reported · 2024
$58,712

Gillespie and Son, Inc's benefits plan covered 133 active participants in 2024, providing health. Insurance premiums totaled $233,136. Insurance brokers and agents were paid $58,712 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 25.2% of premiums. That is $441 per covered person, in the top quarter of employer plans that report broker pay.

Insurance contracts · 20241
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health$233K · 133 covered
Brokers & agents paid · 20242
PCF INS SVCS OF THE WEST$47,517
DONALD C SAVOY INC$11,195 · incl $11,195 fees
Also brokered by Pcf Ins Svcs of the West2

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 520731582 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.