Plan Ledger DOL Form 5500 · updated monthly

Ocean Associates, Inc.benefits

Ocean Associates Inc Health and Benefits Plan · ARLINGTON, VA · plan year 2024

Broker compensation reported · 2024
$55,196

Ocean Associates, Inc.'s benefits plans covered 120 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $55,196 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $460 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 8.8% from $60,523 in 2023.

Insurance contracts · 20244
PRINCIPAL LIFE INSURANCE COMPANY · vision life std ltdpremiums n/a · 138 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · healthpremiums n/a · 1 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drug ppopremiums n/a · 102 covered
KAISER FOUNDATION HEALTH PLAN, INC. · health drugpremiums n/a · 2 covered
Brokers & agents paid · 20245
KELLY & ASSOCIATES INS GROUP, INC.$15,027 · incl $15,027 fees
BROWN & BROWN INS AGENCY OF VA$12,036 · incl $2,214 fees
KELLY & ASSOCIATES INSURANCE GROUP$4,171 · incl $4,171 fees
HOWARD W. PHILLIPS & COMPANY$191
Also brokered by Brown & Brown5
Srm Concrete, LLC TN$1,315,284

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 710931202 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.