Plan Ledger DOL Form 5500 · updated monthly

Kinetic Engine Systemsbenefits

Kinetic Engine Systems Basic Life · SOUTHWICK, MA · plan year 2024

Broker compensation reported · 2024
$66,968

Kinetic Engine Systems's benefits plans covered 322 active participants in 2024, providing life. Insurance premiums totaled $393,988. Insurance brokers and agents were paid $66,968 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 17.0% of premiums. That is $208 per covered person, above the median for employer plans that report broker pay.

Insurance contracts · 20246
STANDARD INSURANCE COMPANY · dental$137K · 241 covered
STANDARD INSURANCE COMPANY · life$124K · 322 covered
STANDARD INSURANCE COMPANY · ltd$83K · 138 covered
STANDARD INSURANCE COMPANY · std$50K · 321 covered
STANDARD INSURANCE COMPANYpremiums n/a · 78 covered
EYEMED VISION CARE · visionpremiums n/a · 468 covered
Brokers & agents paid · 20243
HAYS COMPANIES INC$33,999 · incl $13,544 fees
HAYS COMPANIES$20,890 · incl $6,885 fees
ADP INC$12,079 · incl $12,079 fees
Also brokered by Hays Companies5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 942229569 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.