Plan Ledger DOL Form 5500 · updated monthly

Klingspor Abrasives Incbenefits

Klingspor Abrasives Inc. Life Products Ad & D · HICKORY, NC · plan year 2024

Previously filed as Klingspor Abrasives Inc. Same employer identification number; renames and acquisitions are why old benefits and 401(k) accounts get lost.

Broker compensation reported · 2024
$73,136

Klingspor Abrasives Inc's benefits plans covered 348 active participants in 2024, providing life · long-term disability. Insurance premiums totaled $549,042. Insurance brokers and agents were paid $73,136 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 13.3% of premiums. That is $210 per covered person, above the median for employer plans that report broker pay. Broker pay fell 32% from $107,500 in 2023.

Insurance contracts · 20244
BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA · health stop-loss ppo$549K · 219 covered
VISION SERVICE PLAN · visionpremiums n/a · 185 covered
USABLE LIFE · life ltdpremiums n/a · 348 covered
HUMANA · dentalpremiums n/a · 218 covered
Brokers & agents paid · 20244
SCOTT C. ANDERSON$24,545
USI INSURANCE SERVICES LLC$27,280 · incl $5,118 fees

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 561252941 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.