Modern Industries Incbenefits
Modern Industries Inc Employee Benefit Plan · PHOENIX, AZ · plan year 2024
Broker compensation reported · 2024
$102,388
Modern Industries Inc's benefits plans covered 629 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $102,388 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $163 per covered person, below the median for employer plans that report broker pay. Broker pay fell 7.7% from $110,957 in 2023.
Insurance contracts · 20244
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES · dentalpremiums n/a · 268 covered
UNITEDHEALTHCARE INSURANCE COMPANY · visionpremiums n/a · 938 covered
UNITED BEHAVIORAL HEALTH DBA OPTUMpremiums n/a · 658 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 629 covered
Brokers & agents paid · 20243
LOVITT AND TOUCHE, INC.$4,350
MARSH AND MCLENNAN AGENCY$96,616 · incl $40,798 fees
PAYCOM PAYROLL, LLC$1,422 · incl $1,422 fees
Also brokered by Lovitt and Touche, Inc.5
Atlantica Sustainable Infrastructure AZ$175,167
Grossman Company Properties AZ$155,003
Lifewell AZ$129,072
Enstall US, Inc. CT$125,710
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 860220615 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.