Plan Ledger DOL Form 5500 · updated monthly

Prime Pensions, Inc.benefits

Prime Pensions, Inc. Health and Welfare Plan · FLORHAM PARK, NJ · plan year 2024

Broker compensation reported · 2024
$65,540

Prime Pensions, Inc.'s benefits plans covered 215 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $65,540 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $305 per covered person, above the median for employer plans that report broker pay. Broker pay rose 125% from $29,171 in 2023.

Insurance contracts · 20243
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES · dental visionpremiums n/a · 172 covered
TRUSTMARK INSURANCE COMPANYpremiums n/a · 29 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 215 covered
Brokers & agents paid · 20242
BRANDON T. PENKO$35,414 · incl $3,872 fees
Also brokered by Brandon T. Penko5
Vutex Inc. TX$126,794
Vuteq USA, Inc. KY$53,409

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 461224594 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.