Glenn O. Hawbaker, Inc.benefits
Glenn O. Hawbaker, Inc. Welfare Benefit Plan · STATE COLLEGE, PA · plan year 2024
Glenn O. Hawbaker, Inc.'s benefits plans covered 963 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $622,084. Insurance brokers and agents were paid $77,511 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 12.5% of premiums. That is $80 per covered person, below the median for employer plans that report broker pay. Brokers were paid 13.8x the $5,637 reported for 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 251150293 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.