Plan Ledger DOL Form 5500 · updated monthly

Quality Electrical Systems, Inc.benefits

Quality Electrical Systems, Inc Health and Welfare Benefit Plan · WEST JORDAN, UT · plan year 2024

Broker compensation reported · 2024
$22,895

Quality Electrical Systems, Inc.'s benefits plans covered 531 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance brokers and agents were paid $22,895 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $43 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 77% from $98,835 in 2023.

Insurance contracts · 20245
ASSURITY LIFE INSURANCE COMPANYpremiums n/a · 277 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health dental visionpremiums n/a · 453 covered
Brokers & agents paid · 20241
BENEFIT COMMERCE GRP, AN ALERA GRP$22,895 · incl $185 fees
Also brokered by Benefit Commerce Grp, an Alera Grp5
Simonmed AZ$651,636

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 260868283 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.