Otter Tail Corporationbenefits
Otter Tail Corporation Special Risk Insurance · FERGUS FALLS, MN · plan year 2024
Broker compensation reported · 2024
$135,672
Otter Tail Corporation's benefits plans covered 2,405 active participants in 2024, providing death benefits. Insurance brokers and agents were paid $135,672 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $56 per covered person, in the bottom quarter of employer plans that report broker pay.
Insurance contracts · 20247
ZURICH NORTH AMERICApremiums n/a
ZURICH AMERICAN INSURANCE COMPANYpremiums n/a · 2,386 covered
RELIASTAR LIFE INSURANCE COMPANYpremiums n/a · 1,239 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 1,676 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · ltdpremiums n/a · 1,291 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · stdpremiums n/a · 476 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · lifepremiums n/a · 291 covered
Brokers & agents paid · 20242
MERCER HEALTH AND BENEFITS, LLC$98,471 · incl $20,797 fees
Also brokered by Mercer5
Lowes Companies, Inc. NC$10,259,702
Caterpillar Inc. TX$5,319,156
The Boeing Co. and Consolidated Subsidiaries WA$5,091,875
Tata America International Corporation NY$4,231,391
Northrop Grumman Corporation VA$4,003,536
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 270383995 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.