Labvantage Solutions, Incbenefits
Labvantage Solutions, Inc. Welfare Benefits Plan · SOMERSET, NJ · plan year 2024
Broker compensation reported · 2024
$39,496
Labvantage Solutions, Inc's benefits plans covered 126 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $39,496 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $313 per covered person, above the median for employer plans that report broker pay. Broker pay rose 7.6% from $36,714 in 2023.
Insurance contracts · 20242
PRINCIPAL LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 126 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · dental visionpremiums n/a · 102 covered
Brokers & agents paid · 20242
PATRIOT GROWTH INSURANCE SERVICES$25,733 · incl $5,557 fees
PROFESSIONAL GROUP PLANS, INC.$13,763 · incl $13,763 fees
Also brokered by Patriot Growth Insurance Services5
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 133733484 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.