Paychex, Inc.benefits
Paychex, Inc. Severance Plan · ROCHESTER, NY · plan year 2024
Broker compensation reported · 2024
$76,779
Paychex, Inc.'s benefits plans covered 14,450 active participants in 2024. Insurance brokers and agents were paid $76,779 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $5 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 20% from $95,636 in 2023.
Insurance contracts · 202411
METROPOLITAN LIFE INSURANCE COMPANY · lifepremiums n/a · 20,292 covered
METROPOLITAN GENERAL INSURANCE COMPANYpremiums n/a · 3,051 covered
FIRST RELIANCE STANDARD LIFE INSURANCE COMPANY · ltdpremiums n/a · 14,009 covered
NEW YORK LIFE GROUP INSURANCE COMPANY OF NEW YORKpremiums n/a · 14,691 covered
FIRST UNUM LIFE INSURANCE COMPANYpremiums n/a · 160 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · stdpremiums n/a · 441 covered
FIRST RELIANCE STANDARD LIFE INSURANCE COMPANYpremiums n/a · 5,093 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · stdpremiums n/a · 400 covered
KAISER FOUNDATION HEALTH PLAN, INC · health drugpremiums n/a · 103 covered
KAISER FOUNDATION HEALTH PLAN, INC · health drugpremiums n/a · 204 covered
RELIANCE STANDARD LIFE INSURANCE COMPANYpremiums n/a · 174 covered
Brokers & agents paid · 20244
BPAS ACTUARIAL AND PENSION SERVICES$51,999
CHRISTINE M. MCCULLUGH$15,580
ONEGROUP NY, INC.$9,192
ONEIDA ASSOC DBA BAILEY & HASKALL$8 · incl $8 fees
Also brokered by Bpas Actuarial and Pension Services2
Board of Trustees of Ibew NY$3,280
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 161124166 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.