Parallel Incbenefits
Parallel Inc Welfare Benefit Plan · WIMAUMA, FL · plan year 2024
Broker compensation reported · 2024
$86,246
Parallel Inc's benefits plans covered 642 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $86,246 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $134 per covered person, below the median for employer plans that report broker pay. Broker pay rose 16% from $74,076 in 2023.
Insurance contracts · 20244
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES · dental visionpremiums n/a · 683 covered
NEW YORK LIFE GROUP INSURANCE COMPANY OF NEW YORK · stdpremiums n/a · 642 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANYpremiums n/a · 642 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · life std ltdpremiums n/a · 642 covered
Brokers & agents paid · 20243
HUB INTERNATIONAL MIDWEST LIMITED$4,152 · incl $4,152 fees
Also brokered by HUB International5
Autozone, Inc. TN$4,329,860
Cpe HR, Inc. Grace Drulias CA$4,272,089
Aspen HR Peo, LLC FL$3,007,524
Hub International Limited IL$2,608,066
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 471218941 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.