Plan Ledger DOL Form 5500 · updated monthly

Magellan Aerospace USAbenefits

Magellan Aerospace USA Benefit Plan · HAVERHILL, MA · plan year 2025

Broker compensation reported · 2025
$194,834

Magellan Aerospace USA's benefits plans covered 844 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $194,834 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $231 per covered person, above the median for employer plans that report broker pay. Broker pay rose 28% from $152,246 in 2024.

Insurance contracts · 20251
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dental vision life std ltdpremiums n/a · 844 covered
Brokers & agents paid · 20251
LOCKTON COMPANIES, LLC$194,834 · incl $53,917 fees
Also brokered by Lockton5
Banner Health AZ$3,486,058
Peraton, Inc. VA$2,031,509
Dollar Tree, Inc. VA$1,645,687

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 341464954 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.