Ila Local 1235benefits
Local 1235 Welfare Plan · NEWARK, NJ · plan year 2024
Broker compensation reported · 2024
$87,957
Ila Local 1235's benefits plan covered 72 active participants in 2024, providing long-term disability · other. Insurance premiums totaled $247,192. Insurance brokers and agents were paid $87,957 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 35.6% of premiums. That is $1,222 per covered person, in the top 10% of employer plans that report broker pay.
Insurance contracts · 20244
THE LINCOLN NAT'L LIFE INS CO · ltd$79K · 1,181 covered
THE LINCOLN NAT'L LIFE INS CO$71K · 272 covered
THE LINCOLN NAT'L LIFE INS CO$53K · 307 covered
THE LINCOLN NAT'L LIFE INS CO$44K · 536 covered
Brokers & agents paid · 20244
CADIA BENEFITS LLC$29,949
LIDAC EMPLOYEE BEN SOLUTIONS LLC$33,289 · incl $33,289 fees
JET EMPLOYEE BENEFITS$14,832 · incl $14,832 fees
PIEDMONT TECH HOLDINGS LLC$9,887 · incl $9,887 fees
Why are you looking at this plan?
More
Source: DOL Form 5500 Schedule A, plan year 2024, EIN 221402941 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.