Plan Ledger DOL Form 5500 · updated monthly

Matheny Medical & Educational Centerbenefits

Matheny School and Hospital, Inc. Health & Welfare Plan · PEAPECK, NJ · plan year 2024

Broker compensation reported · 2024
$75,047

Matheny Medical & Educational Center's benefits plans covered 644 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $286,134. Insurance brokers and agents were paid $75,047 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 26.2% of premiums. That is $117 per covered person, below the median for employer plans that report broker pay. Broker pay rose 67% from $44,896 in 2023.

Insurance contracts · 202413
DELTA DENTAL OF NEW JERSEY INC · dental$259K · 644 covered
DELTA DENTAL OF CONNECTICUT, INC. · vision$28K · 493 covered
BERKSHIRE HATHAWAY SPECIALTY INSURANCE COMPANY · stop-losspremiums n/a · 338 covered
AETNA LIFE INSURANCE COMPANY · stop-losspremiums n/a · 338 covered
QUANTUM HEALTH SOLUTIONSpremiums n/a · 476 covered
Brokers & agents paid · 20242
JAMES R NELLIGAN & ASSOC$18,462 · incl $9,909 fees
INNOVATIVE BENEFIT PLANNING$56,585 · incl $14,624 fees
Also brokered by James R Nelligan & Assoc5
Halcyon, Inc. NY$16,558

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 221482276 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.