Plan Ledger DOL Form 5500 · updated monthly

Global Companies LLCbenefits

Global Companies LLC Welfare Benefit Plan · WALTHAM, MA · plan year 2024

Broker compensation reported · 2024
$107,563

Global Companies LLC's benefits plans covered 2,210 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $132,934. Insurance brokers and agents were paid $107,563 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 80.9% of premiums. That is $49 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 57% from $250,917 in 2023.

Insurance contracts · 20245
BLUE CROSS BLUE SHIELD OF MASSACHUSETTS · vision$133K · 2,751 covered
LIFE INSURANCE COMPANY OF NORTH AMERICApremiums n/a · 2,208 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · lifepremiums n/a · 2,594 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · ltdpremiums n/a · 2,250 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · stdpremiums n/a · 47 covered
Brokers & agents paid · 20245
BOSTON BENEFIT PARTNERS - ALERA$20,848 · incl $15,602 fees
HP PLANNING, LLC$6,807
BOSTON BENEFIT PARTNERS- ALERA$35,717 · incl $25,326 fees
IMA, INC.$2,110
IMA INC$42,081 · incl $28,436 fees

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 043443029 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.