Plan Ledger DOL Form 5500 · updated monthly

Next Tier Concepts, Inc.benefits

Next Tier Concepts, Inc. Health and Welfare Plan · VIENNA, VA · plan year 2024

Broker compensation reported · 2024
$62,227

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.

Insurance contracts · 20249
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health$730K · 109 covered
DELTA DENTAL OF VIRGINIA · dentalpremiums n/a · 185 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · ltdpremiums n/a · 86 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 95 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · stdpremiums n/a · 86 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · lifepremiums n/a · 26 covered
HEALTH ADVOCATE SOLUTIONS, INC.premiums n/a · 136 covered
AETNA LIFE INSURANCE COMPANYpremiums n/a · 21 covered
Brokers & agents paid · 20246
MCGRIFF INSURANCE SERVICES, INC.$17,320 · incl $17,320 fees
MCGRIFF INSURANCE SERVICE INC$15,081 · incl $4,533 fees
MCGRIFF INSURANCE SERVICES INC$21,138 · incl $3,562 fees
MARSH & MCLENNAN AGENCY, MCGRIFF$3,512 · incl $3,512 fees
Also brokered by McGriff5
El Camino Hospital CA$1,115,318

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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.