Plan Ledger DOL Form 5500 · updated monthly

Lord, Abbett & Co. LLCbenefits

Lord Abbett & Co. LLC Health and Welfare Benefit Plan · JERSEY CITY, NJ · plan year 2024

Broker compensation reported · 2024
$102,005

Lord, Abbett & Co. LLC's benefits plans covered 773 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $102,005 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $132 per covered person, below the median for employer plans that report broker pay. Broker pay rose 32% from $77,411 in 2023.

Insurance contracts · 202412
UNUM LIFE INSURANCE COMPANY OF AMERICA · std ltdpremiums n/a · 773 covered
ACE AMERICAN INSURANCE COMPANYpremiums n/a · 750 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · lifepremiums n/a · 733 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 195 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 106 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · stdpremiums n/a · 718 covered
LIFE INSURANCE COMPANY OF NORTH AMERICApremiums n/a · 733 covered
ARAG INSURANCE COMPANYpremiums n/a · 242 covered
UNITEDHEALTHCARE INSURANCE COMPANY · health drug dental ppopremiums n/a · 10 covered
Brokers & agents paid · 20246
MERCER HEALTH AND BENEFITS, LLC.$24,584 · incl $4,134 fees
PLANSOURCE BENEFIT ADMINISTRATION$5,356
USI INSURANCE SERVICES, LLC.$56,693 · incl $14,634 fees
JH COHN CHERNOFF DIAMOND, LLC.$11,769
REUBEN WARNER ASSOCIATES, INC.$2,059 · incl $2,059 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 135620131 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.