Redwood Software Inc.benefits
Redwood Software Inc. Health and Welfare Benefit Plan · MORRISVILLE, NC · plan year 2024
Broker compensation reported · 2024
$218,341
Redwood Software Inc.'s benefits plans covered 236 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $218,341 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $925 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 3.2x the $67,950 reported for 2023.
Insurance contracts · 20245
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drug ppopremiums n/a · 343 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES · dentalpremiums n/a · 205 covered
PRE-PAID LEGAL SERVICES INC DBA LEGALSHIELDpremiums n/a · 52 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · visionpremiums n/a · 187 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · life std ltdpremiums n/a · 236 covered
Brokers & agents paid · 20241
LOCKTON COMPANIES, LLC$218,341 · incl $162,486 fees
Also brokered by Lockton5
Universal Services of America, LP CA$6,163,025
National Medical Care, Inc. MA$4,519,777
Piedmont Healthcare, Inc. GA$3,346,874
Global Medical Response, Inc. TX$3,235,082
Banner Health AZ$3,011,257
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 330906132 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.