Plan Ledger DOL Form 5500 · updated monthly

Open Text, Inc.benefits

Open Text, Inc. Health and Welfare Plan · MENLO PARK, CA · plan year 2024

Broker compensation reported · 2024
$919,140

Open Text, Inc.'s benefits plans covered 4,569 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $919,140 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $201 per covered person, above the median for employer plans that report broker pay. Brokers were paid 3.3x the $281,438 reported for 2023.

Insurance contracts · 20246
LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 4,634 covered
LINCOLN NATIONAL LIFE INSURANCE COMPANY · ltdpremiums n/a · 4,621 covered
UNITEDHEALTHCARE INSURANCE COMPANY · dental visionpremiums n/a · 11,756 covered
UNITEDHEALTHCARE INSURANCE COMPANYpremiums n/a · 2,810 covered
METLIFE LEGAL PLANSpremiums n/a · 934 covered
METROPOLITAN GENERAL INSURANCE COMPANYpremiums n/a · 906 covered
Brokers & agents paid · 20243
MERCER HEALTH AND BENEFITS ADMIN$533,266 · incl $3,074 fees
MERCER HEALTH AND BENEFITS, LLC.$381,156 · incl $82,276 fees
BSWIFT, LLC.$4,718 · incl $4,718 fees
Also brokered by Mercer5
Lowes Companies, Inc. NC$10,259,702
Caterpillar Inc. TX$5,319,156

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 460525483 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.