Plan Ledger DOL Form 5500 · updated monthly

Innovative Engineering Systems, Inc.benefits

Innovative Engineering Systems, Inc. Welfare Benefit Plan · BAKERSFIELD, CA · plan year 2024

Broker compensation reported · 2024
$34,950

Innovative Engineering Systems, Inc.'s benefits plans covered 101 active participants in 2024, providing health · life · dental · vision · other. Insurance premiums totaled $956,589. Insurance brokers and agents were paid $34,950 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.7% of premiums. That is $346 per covered person, above the median for employer plans that report broker pay. Broker pay fell 11% from $39,296 in 2023.

Insurance contracts · 20247
KAISER FOUNDATION HEALTH PLAN, INC. · health$472K · 61 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · stop-loss$356K · 51 covered
UNITED CONCORDIA INSURANCE COMPANY · dental$61K · 131 covered
ANTHEM LIFE INSURANCE COMPANY · life$22K · 64 covered
AMERICAN FIDELITY ASSURANCE COMPANY · health$18K · 26 covered
ANTHEM LIFE INSURANCE COMPANY · ltd$17K · 34 covered
Brokers & agents paid · 20243
GUARANTY CALIFORNIA INSURANCE SERVI$6,066
INSURICA CA INSURANCE SERVICES, INC$27,514
PAUL KENT GERDES$1,370

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 030433805 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.