Plan Ledger DOL Form 5500 · updated monthly

Phillips Precision Incbenefits

Phillips Precision Inc Flexible Benefits Plan · ELMWOOD PARK, NJ · plan year 2024

Broker compensation reported · 2024
$83,631

Phillips Precision Inc's benefits plans covered 118 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance brokers and agents were paid $83,631 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $709 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 11% from $94,313 in 2023.

Insurance contracts · 20243
HORIZON HEALTHCARE SERVICES INC · healthpremiums n/a · 118 covered
HORIZON HEALTHCARE SERVICES INC · drugpremiums n/a · 5 covered
GUARDIAN · dental vision lifepremiums n/a · 217 covered
Brokers & agents paid · 20243
CENTERSTONE INC DBA BENEFIT MA(2)$65,497 · incl $16,333 fees
CENTERSTONE INS FIN.$16,895 · incl $1,844 fees
CENTERSTONE INS DBA BENEFIT M (2)$1,239 · incl $310 fees

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 222071997 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.