Plan Ledger DOL Form 5500 · updated monthly

Ranney Schoolbenefits

Ranney Employee Health and Welfare Plan · TINTON FALLS, NJ · plan year 2024

Broker compensation reported · 2024
$114,683

Ranney School's benefits plans covered 218 active participants in 2024, providing health · life · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $114,683 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $526 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 9.9% from $127,230 in 2023.

Insurance contracts · 20243
CIGNA · healthpremiums n/a · 173 covered
GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 135 covered
EYEMED VISION CARE · visionpremiums n/a · 218 covered
Brokers & agents paid · 20242
EDGEWOOD PARTNERS INSURANCE CTR.$106,423 · incl $103,981 fees
EDGEWOOD PARTNERS INSURANCE$8,260 · incl $1,589 fees

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 221853774 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.