Institutional Capital Networkbenefits
Institutional Capital Network Health & Welfare Benefits Plan · NEW YORK, NY · plan year 2024
Broker compensation reported · 2024
$561,504
Institutional Capital Network's benefits plans covered 1,141 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $561,504 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $492 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 9.6% from $621,298 in 2023.
Insurance contracts · 20249
UNITEDHEALTHCARE INSURANCE COMPANY · health drugpremiums n/a · 1,995 covered
METROPOLITAN LIFE INSURANCE COMPANY · dentalpremiums n/a · 2,784 covered
FIDELITY SECURITY LIFE INSURANCE COMPANY OF NEW YORK · visionpremiums n/a · 2,140 covered
FIRST RELIANCE STANDARD LIFE INSURANCE COMPANY · stdpremiums n/a · 859 covered
FIRST RELIANCE STANDARD LIFE INSURANCE COMPANY · lifepremiums n/a · 859 covered
FIRST RELIANCE STANDARD LIFE INSURANCE COMPANY · ltdpremiums n/a · 859 covered
FIRST RELIANCE STANDARD LIFE INSURANCE COMPANY · lifepremiums n/a · 508 covered
FIDELITY SECURITY LIFE INSURANCE COMPANY OF NEW YORK · visionpremiums n/a · 40 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · stdpremiums n/a · 76 covered
Brokers & agents paid · 20241
MERCER HEALTH AND BENEFITS, LLC.$561,504 · incl $21,604 fees
Also brokered by Mercer5
Lowes Companies, Inc. NC$10,259,702
Caterpillar Inc. TX$5,319,156
The Boeing Co. and Consolidated Subsidiaries WA$5,091,875
Tata America International Corporation NY$4,231,391
Northrop Grumman Corporation VA$4,003,536
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 462479130 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.