Progressive Technologies Incbenefits
Progressive Technologies Inc Welfare Benefit Plan · MEMPHIS, TN · plan year 2024
Progressive Technologies Inc's benefits plans covered 269 active participants in 2024, providing health · life · long-term disability · other · dental · vision. Insurance premiums totaled $810,265. Insurance brokers and agents were paid $52,535 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.5% of premiums. That is $195 per covered person, above the median for employer plans that report broker pay. Brokers were paid 7.1x the $7,387 reported for 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 621255401 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.