Ranch Hope, Inc.benefits
Ranch Hope, Inc. Welfare Benefits Plan · ALLOWAY, NJ · plan year 2024
Ranch Hope, Inc.'s benefits plans covered 159 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $64,615. Insurance brokers and agents were paid $96,333 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 149.1% of premiums. That is $606 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 16% from $82,906 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 221739545 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.