Plan Ledger DOL Form 5500 · updated monthly

Power Mechanical, Inc.benefits

Power Mechanical, Inc. Health & Welfare Plan · NEWPORT NEWS, VA · plan year 2024

Broker compensation reported · 2024
$42,136

Power Mechanical, Inc.'s benefits plans covered 176 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $42,136 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $239 per covered person, above the median for employer plans that report broker pay. Broker pay fell 14% from $48,860 in 2023.

Insurance contracts · 20248
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · dentalpremiums n/a · 152 covered
PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY · lifepremiums n/a · 88 covered
UNUM LIFE INSURANCE COMPANY OF AMERICApremiums n/a · 115 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 105 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · visionpremiums n/a · 176 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · stdpremiums n/a · 176 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 176 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · ltdpremiums n/a · 176 covered
Brokers & agents paid · 202412
DIGITAL INSURANCE, LLC$4,358 · incl $1,778 fees
BOON CHAPMAN BENEFIT ADMINISTRATORS$8,261 · incl $8,261 fees
GIS BENEFITS, INC.$2,179 · incl $2,179 fees
BOON CHAPMAN BNFT ADMNSTRS INC$1,796 · incl $1,796 fees
BOON CHAPMAN, INC.$1,287
GIS BENEFITS INC$1,275 · incl $1,275 fees
GIS BENEFITS INC.$3,741 · incl $3,741 fees
BOON-CHAPMAN, INC.$895
Also brokered by Digital Insurance, LLC5
Mayer Brown LLP IL$566,692

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 541332542 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.