Nciiabenefits
Employee Health and Welfare Plan · HADLEY, MA · plan year 2024
Nciia's benefits plans covered 130 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,639,523. Insurance brokers and agents were paid $59,074 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.6% of premiums. That is $454 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 7.0% from $55,190 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 421727335 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.