Industrial Bank, Washingtonbenefits
Industrial Bank, Washington Health and Welfare Benefit Plan · WASHINGTON, DC · plan year 2024
Broker compensation reported · 2024
$102,239
Industrial Bank, Washington's benefits plans covered 170 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $102,239 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $601 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 21% from $84,198 in 2023.
Insurance contracts · 20243
VISION SERVICE PLAN · visionpremiums n/a · 98 covered
UNITEDHEALTHCARE INSURANCE COMPANY · health dentalpremiums n/a · 198 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 170 covered
Brokers & agents paid · 20244
METLZER GROUP INC$71,023 · incl $59,892 fees
MELTZER GROUP INC$28,403 · incl $4,816 fees
NFP INSURANCE SERVICES INC$2,007 · incl $2,007 fees
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 530088120 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.