Open Healthbenefits
Open Health Health and Welfare Plan · NEW YORK, NY · plan year 2024
Broker compensation reported · 2024
$42,395
Open Health's benefits plans covered 470 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $42,395 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $90 per covered person, below the median for employer plans that report broker pay. Broker pay fell 59% from $103,466 in 2023.
Insurance contracts · 20242
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · visionpremiums n/a · 370 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 470 covered
Brokers & agents paid · 20242
ALERA GROUP, INC.$8,227 · incl $8,227 fees
LUMITY, INC.$34,168
Also brokered by Alera Group, Inc.5
Quinn Emanuel Urquhart & Sullivan, LLP CA$994,685
Liberty Utilities Co. AZ$457,150
Sps Technologies, LLC PA$393,927
Firstday Foundation TX$345,546
Hydraulics International, Inc. CA$238,940
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 202866513 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.