Plan Ledger DOL Form 5500 · updated monthly

Ideal Fastener Corporationbenefits

Ideal Fastener Corporation Welfare Benefits Plan · OXFORD, NC · plan year 2024

Broker compensation reported · 2024
$10,538

Ideal Fastener Corporation's benefits plans covered 107 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $10,538 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $98 per covered person, below the median for employer plans that report broker pay. Broker pay rose 41% from $7,470 in 2023.

Insurance contracts · 20241
PRINCIPAL LIFE INSURANCE COMPANY · vision life std ltdpremiums n/a · 131 covered
Brokers & agents paid · 20243
JAMES A. SCOTT & SON, INC.$5,613
RIEMER INSURANCE GROUP, INC.$3,073
LAYNE FINANCIAL, INC.$1,852 · incl $153 fees
Also brokered by James a. Scott & Son, Inc.5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 561264574 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.