Plan Ledger DOL Form 5500 · updated monthly

Hess Services, Inc.benefits

Hess Services Welfare Benefit Plan · HAYS, KS · plan year 2024

Broker compensation reported · 2024
$34,055

Hess Services, Inc.'s benefits plans covered 252 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits · other. Insurance premiums totaled $68,404. Insurance brokers and agents were paid $34,055 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 49.8% of premiums. That is $135 per covered person, below the median for employer plans that report broker pay. Broker pay rose 120% from $15,484 in 2023.

Insurance contracts · 20245
STANDARD INSURANCE COMPANY · life$54K · 252 covered
STANDARD INSURANCE COMPANY · std$14K · 59 covered
STANDARD INSURANCE COMPANYpremiums n/a · 157 covered
NEW DIRECTIONS BEHAVIORAL HEALTHpremiums n/a · 224 covered
VCP SERVICES, INC. · visionpremiums n/a · 227 covered
Brokers & agents paid · 20242
HAYS COMPANIES, INC.$31,180 · incl $15,154 fees
Also brokered by Hays Companies5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 481160099 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.