Logical Systems, LLCbenefits
Logical Systems, LLC Welfare Benefits Plan · MEMPHIS, TN · plan year 2024
Broker compensation reported · 2024
$250,543
Logical Systems, LLC's benefits plans covered 260 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $250,543 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $964 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 45% from $173,306 in 2023.
Insurance contracts · 202410
CIGNA HEALTH AND LIFE INSURANCE COMPANY · healthpremiums n/a · 207 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 260 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · dentalpremiums n/a · 182 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · visionpremiums n/a · 162 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · ltdpremiums n/a · 258 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · stdpremiums n/a · 120 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANYpremiums n/a · 133 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANYpremiums n/a · 73 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANYpremiums n/a · 57 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANYpremiums n/a · 37 covered
Brokers & agents paid · 20247
DAVID P SORSBY$180,851 · incl $156,290 fees
DAVID S SORSBY$28,759 · incl $2,738 fees
GIS BENEFITS, INC.$8,004 · incl $8,004 fees
BOON CHAPMAN BNFT ADMSTRS, INC.$6,982 · incl $6,982 fees
BOON CHAPMAN BNFT ADMNSTRTS INC$5,421 · incl $5,421 fees
GIS BENEFITS INC$14,070 · incl $14,070 fees
BOON CHAPMAN BNFT ADMNSTRS INC$6,456 · incl $6,456 fees
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 273019707 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.