Medtech 7 Holdings, LLC dba Velocitybenefits
Medtech 7 Holdings, LLC dba Velocity Health and Welfare Benefit Plan · TOTOWA, NJ · plan year 2024
Broker compensation reported · 2024
$122,114
Medtech 7 Holdings, LLC dba Velocity's benefits plan covered 132 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $122,114 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $925 per covered person, in the top 10% of employer plans that report broker pay.
Insurance contracts · 20247
HARTFORD LIFE AND ACCIDENT · life std ltdpremiums n/a · 64 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · dentalpremiums n/a · 134 covered
CIGNA DENTAL HEALTH OF NEW JERSEY, INC. · dentalpremiums n/a · 13 covered
GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dental vision life stdpremiums n/a · 116 covered
VISION SERVICE PLAN · visionpremiums n/a · 117 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · healthpremiums n/a · 131 covered
UNITEDHEALTHCARE INSURANCE COMPANY · lifepremiums n/a · 117 covered
Brokers & agents paid · 20243
PREMIER CONSULTING PARTNERS LLC$68,101
DONALD C SAVOY INC$46,125 · incl $36,135 fees
PREMIER CONSULTING PARTNERS$7,888
Also brokered by Premier Consulting Partners LLC5
Subcom, LLC NJ$178,518
Stillwater Designs and Audio Inc OK$51,359
Muscular Dystrophy Association, Inc IL$9,978
Advance Tabco NY$4,967
Transervice Logistics, Inc NY$2,797
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 814589293 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.