Plan Ledger DOL Form 5500 · updated monthly

Progress Rail Services Corporationbenefits

Caterpillar Rail Division Welfare Benefit Plan · ALBERTVILLE, AL · plan year 2024

Broker compensation reported · 2024
$1,877,057

Progress Rail Services Corporation's benefits plans covered 3,838 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $1,877,057 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $489 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 147% from $759,014 in 2023.

Insurance contracts · 20245
VISION SERVICE PLAN · visionpremiums n/a · 3,731 covered
METLIFE LEGAL PLANSpremiums n/a · 776 covered
NEW DIRECTIONS BEHAVIORAL HEALTHpremiums n/a · 4,334 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 4,350 covered
UNUM INSURANCE COMPANYpremiums n/a · 1,895 covered
Brokers & agents paid · 20245
IBENEFIT COMMUNICATION, LLC$684,217 · incl $21,498 fees
LOCKTON COMPANIES, LLC$935,548 · incl $8,437 fees
STARKE AGENCY, LLC$17,499
STARKE AGENCY, INC.$239,238
SUMMIT FINANCIAL GROUP$555 · incl $555 fees
Also brokered by Ibenefit Communication, LLC5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 592740308 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.