Lapp Electrical Service, Inc.benefits
Lapp Electrical Service, Inc. Employee Benefit Plan · LANCASTER, PA · plan year 2024
Broker compensation reported · 2024
$7,930
Lapp Electrical Service, Inc.'s benefits plans covered 58 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $7,930 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $137 per covered person, below the median for employer plans that report broker pay. Broker pay rose 3.6% from $7,656 in 2023.
Insurance contracts · 20242
METROPOLITAN LIFE INSURANCE COMPANY · dental vision life std ltdpremiums n/a · 58 covered
HM LIFE INSURANCE COMPANY · stop-losspremiums n/a · 25 covered
Brokers & agents paid · 20243
BOON CHAMPMAN BENEFIT ADMINISTRATOR$7,021 · incl $1,492 fees
GIS BENEFITS INC$475 · incl $475 fees
AP BENEFIT ADVISORS LLC$434 · incl $434 fees
Also brokered by Boon Champman Benefit Administrator1
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 231936358 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.