Plan Ledger DOL Form 5500 · updated monthly

Paramit Corporationbenefits

Paramit Corporation Employee Benefits Plan · MORGAN HILL, CA · plan year 2024

Broker compensation reported · 2024
$280,975

Paramit Corporation's benefits plans covered 477 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $280,975 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $589 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 27% from $221,330 in 2023.

Insurance contracts · 20244
ANTHEM BLUE CROSS LIFE AND HEALTH INSURANCE COMPANY · dental vision ltdpremiums n/a · 932 covered
BLUE CROSS OF CALIFORNIA · health hmo ppopremiums n/a · 323 covered
KAISER FOUNDATION HEALTH PLAN, INC. · healthpremiums n/a · 269 covered
HARTFORD LIFE AND ACCIDENT · life std ltdpremiums n/a · 477 covered
Brokers & agents paid · 20242
IBENEFIT COMMUNICATION LLC$27,275
MARSH & MCLENNAN AGENCY LLC$253,700 · incl $17,494 fees
Also brokered by Ibenefit Communication LLC5
Logan Health MT$243,098

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 770252329 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.