Plan Ledger DOL Form 5500 · updated monthly

Positec Tool Corporationbenefits

Positec Tool Corporation Health & Welfare Benefit Plan · CHARLOTTE, NC · plan year 2024

Broker compensation reported · 2024
$72,077

Positec Tool Corporation's benefits plans covered 199 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $72,077 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $362 per covered person, above the median for employer plans that report broker pay. Broker pay fell 30% from $103,216 in 2023.

Insurance contracts · 20242
CIGNA · health dental visionpremiums n/a · 188 covered
HARTFORD · life std ltdpremiums n/a · 199 covered
Brokers & agents paid · 20242
MARSH & MCLENNAN AGENCY LLC$65,013 · incl $2,275 fees
Also brokered by Marsh McLennan Agency5
Sanford ND$4,316,517

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 010703439 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.