Plan Ledger DOL Form 5500 · updated monthly

Hamilton Marine, Inc.benefits

Hamilton Marine, Inc. Welfare Benefits Plan Life, Ad&D · SEARSPORT, ME · plan year 2024

Broker compensation reported · 2024
$13,220

Hamilton Marine, Inc.'s benefits plans covered 157 active participants in 2024, providing life. Insurance premiums totaled $54,075. Insurance brokers and agents were paid $13,220 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 24.4% of premiums. That is $84 per covered person, below the median for employer plans that report broker pay. Broker pay rose 5.9% from $12,478 in 2023.

Insurance contracts · 20242
STANDARD LIFE INSURANCE COMPANY · life$54K · 157 covered
STANDARD LIFE INSURANCE COMPANY · ltdpremiums n/a · 107 covered
Brokers & agents paid · 20242
COMBINED SERVICES LLC$6,970 · incl $3,098 fees
Also brokered by Combined Services LLC5
C.N. Brown Co. ME$21,327

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 010406631 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.