Plan Ledger DOL Form 5500 · updated monthly

Logistec USA, Inc.benefits

Logistec USA Inc. Welfare Benefit Plan · BALTIMORE, MD · plan year 2024

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

Broker compensation reported · 2024
$182,409

Logistec USA, Inc.'s benefits plans covered 538 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $182,409 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $339 per covered person, above the median for employer plans that report broker pay. Brokers were paid 4.4x the $41,289 reported for 2023.

Insurance contracts · 20243
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dentalpremiums n/a · 551 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES · health drug ppopremiums n/a · 517 covered
METROPOLITAN LIFE INSURANCE COMPANY · vision life std ltdpremiums n/a · 1,455 covered
Brokers & agents paid · 20241
MERCER HEALTH AND BENEFITS, LLC$182,409 · incl $140,744 fees
Also brokered by Mercer5
Lowes Companies, Inc. NC$10,259,702
Caterpillar Inc. TX$5,319,156

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 621333756 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.