Plan Ledger DOL Form 5500 · updated monthly

Ibt Inc.benefits

Ibt Employee Benefit Plan · MERRIAM, KS · plan year 2024

Broker compensation reported · 2024
$32,396

Ibt Inc.'s benefits plans covered 475 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $32,396 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $68 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 16% from $38,662 in 2023.

Insurance contracts · 20243
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 475 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · std ltdpremiums n/a · 345 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANYpremiums n/a · 140 covered
Brokers & agents paid · 20241
LOCKTON COMPANIES, LLC$32,396 · incl $13,838 fees
Also brokered by Lockton5
Banner Health AZ$3,011,257

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 440560729 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.