Next Tier Concepts, Inc.benefits
Next Tier Concepts, Inc. Health and Welfare Plan · VIENNA, VA · plan year 2024
Next Tier Concepts, Inc.'s benefits plans covered 86 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $730,128. Insurance brokers and agents were paid $62,227 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.5% of premiums. That is $724 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 7.2% from $58,030 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 541909584 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.