Plan Ledger DOL Form 5500 · updated monthly

Independence Care System, Incbenefits

Independence Care System, Inc · NEW YORK, NY · plan year 2024

Broker compensation reported · 2024
$83,114

Independence Care System, Inc's benefits plans covered 116 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $1,188,852. Insurance brokers and agents were paid $83,114 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.0% of premiums. That is $717 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 6.2% from $78,274 in 2023.

Insurance contracts · 20242
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health dental vision$1.2M · 144 covered
LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK · life std ltdpremiums n/a · 116 covered
Brokers & agents paid · 20242
MDG BENEFIT SOLUTIONS LLC$82,113 · incl $67,596 fees
NFP INSURANCE SERVICES INC$1,001 · incl $1,001 fees
Also brokered by Mdg Benefit Solutions LLC1

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 132964284 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.