Plan Ledger DOL Form 5500 · updated monthly

Magic Leap, Inc.benefits

Magic Leap, Inc. Health and Welfare Benefits Plan · PLANTATION, FL · plan year 2024

Broker compensation reported · 2024
$134,470

Magic Leap, Inc.'s benefits plans covered 921 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $134,470 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $146 per covered person, below the median for employer plans that report broker pay. Broker pay fell 27% from $183,613 in 2023.

Insurance contracts · 202411
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES · visionpremiums n/a · 2,018 covered
KAISER FOUNDATION HEALTH PLAN, INC. · health drug hmopremiums n/a · 53 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · stdpremiums n/a · 898 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · lifepremiums n/a · 898 covered
LIFE INSURANCE COMPANY OF NORTH AMERICApremiums n/a · 898 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANYpremiums n/a · 206 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANYpremiums n/a · 164 covered
ARAG INSURANCE COMPANYpremiums n/a · 386 covered
CIGNA HEALTHCARE OF CALIFORNIA · health hmopremiums n/a · 37 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANYpremiums n/a · 57 covered
Brokers & agents paid · 20242
MERCER HEALTH AND BENEFITS, LLC.$116,058 · incl $5,584 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 453243237 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.