Plan Ledger DOL Form 5500 · updated monthly

Machinery Services Companybenefits

Machinery Services Company Health and Welfare Plan · PATERSON, NJ · plan year 2024

Broker compensation reported · 2024
$31,877

Machinery Services Company's benefits plan covered 171 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $31,877 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $186 per covered person, below the median for employer plans that report broker pay.

Insurance contracts · 20241
PRINCIPAL LIFE INSURANCE COMPANY · dental vision life std ltdpremiums n/a · 288 covered
Brokers & agents paid · 20242
LOCKTON COMPANIES, LLC$22,677 · incl $938 fees
GIS BENEFITS, INC.$9,200 · incl $9,200 fees
Also brokered by Lockton5
Banner Health AZ$3,011,257

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 222230865 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.