Government Employees' Benefit Association, Inc.benefits
Geba Benefit Plan · HANOVER, MD · plan year 2024
Broker compensation reported · 2024
$1,081,922
Government Employees' Benefit Association, Inc.'s benefits plans covered 15,618 active participants in 2024, providing life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $1,081,922 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $69 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 4.0% from $1,126,676 in 2023.
Insurance contracts · 20243
NEW YORK LIFE INSURANCE COMPANY · ltdpremiums n/a · 1,001 covered
NEW YORK LIFE INSURANCE COMPANY · lifepremiums n/a · 4,443 covered
LIFE INSURANCE COMPANY OF NORTH AMERICApremiums n/a · 66 covered
Brokers & agents paid · 20241
GOVERNMENT EMPLOYEES' BENEFIT ASSOC$1,081,922 · incl $1,081,922 fees
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 526051763 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.