Hyde Group Incbenefits
Group Life Plan · SOUTHBRIDGE, MA · plan year 2023
Broker compensation reported · 2023
$5,050
Hyde Group Inc's benefits plans covered 144 active participants in 2023, providing life. Insurance premiums totaled $42,340. Insurance brokers and agents were paid $5,050 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 11.9% of premiums. That is $35 per covered person, in the bottom quarter of employer plans that report broker pay.
Insurance contracts · 20233
STANDARD INSURANCE COMPANY · life$22K · 144 covered
STANDARD INSURANCE COMPANY · ltd$21K · 33 covered
NATIONWIDE LIFE INSURANCE COMPANYpremiums n/a · 66 covered
Brokers & agents paid · 20231
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Source: DOL Form 5500 Schedule A, plan year 2023, EIN 041465900 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.