Plan Ledger DOL Form 5500 · updated monthly

Procacci Brothersbenefits

Procacci Brothers Welfare Benefit Plan · PHILADELPHIA, PA · plan year 2024

Broker compensation reported · 2024
$22,834

Procacci Brothers's benefits plans covered 281 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $1,022,958. Insurance brokers and agents were paid $22,834 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.2% of premiums. That is $81 per covered person, below the median for employer plans that report broker pay. Broker pay rose 11% from $20,535 in 2023.

Insurance contracts · 20245
BROKERAGE CONCEPTS, INC. · stop-loss$595K · 313 covered
BROKERAGE CONCEPTS, INC. · stop-loss$428K · 199 covered
RELIANCE LIFE INSURANCE COMPANY · life ltdpremiums n/a · 307 covered
VISION SERVICE PLAN · visionpremiums n/a · 124 covered
AETNA LIFE INSURANCE CO. · dentalpremiums n/a · 205 covered
Brokers & agents paid · 20247
INCENTIVE SYSTEMS$13,449
GIS BENEFITS INC. 70-5383$4,651
INCENTIVE SYSTEMS INC$1,241
GIS BENEFITS INC. 70-5627$771 · incl $771 fees
GIS BENEFITS INC. 70-8714$126

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 231489642 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.