Lg Electronics, U.S.A., Inc.benefits
The Lg Electronics Group Health and Welfare Benefits Plan · ENGLEWOOD CLIFFS, NJ · plan year 2024
Broker compensation reported · 2024
$241,432
Lg Electronics, U.S.A., Inc.'s benefits plans covered 5,023 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance brokers and agents were paid $241,432 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $48 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 81% from $133,438 in 2023.
Insurance contracts · 20245
HORIZON INSURANCE COMPANY · visionpremiums n/a · 4,612 covered
LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 5,024 covered
LINCOLN NATIONAL LIFE INSURANCE COMPANY · ltdpremiums n/a · 4,913 covered
LINCOLN NATIONAL LIFE INSURANCE COMPANY · stdpremiums n/a · 4,913 covered
FOUR EVER LIFE INSURANCE COMPANY · health drugpremiums n/a · 628 covered
Brokers & agents paid · 20242
MARSH USA, INC$138,559 · incl $23,108 fees
MERCER HEALTH AND BENEFITS, LLC$102,873 · incl $62,040 fees
Also brokered by Marsh McLennan Agency5
General Dynamics Corporation VA$20,813,904
Sanford ND$4,316,517
Select Medical Corporation PA$2,703,667
The Goodyear Tire & Rubber Company OH$2,051,118
Quanta Services Management Partnership, L.P. TX$1,980,050
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 132950311 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.