Paymentworksbenefits
Paymentworks, Inc. Welfare Benefit Plan · WALTHAM, MA · plan year 2024
Broker compensation reported · 2024
$5,268
Paymentworks's benefits plan covered 115 active participants in 2024, providing short-term disability · long-term disability. Insurance brokers and agents were paid $5,268 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $46 per covered person, in the bottom quarter of employer plans that report broker pay.
Insurance contracts · 20241
EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA · std ltdpremiums n/a · 115 covered
Brokers & agents paid · 20241
DIGITAL INSURANCE INC.$5,268 · incl $1,455 fees
Also brokered by Digital Insurance Inc.5
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 471917202 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.