Plan Ledger DOL Form 5500 · updated monthly

Reliable Tool & Machine Co., Inc.benefits

Reliable Tool & Machine Co., Inc. Group Life Plan · KENDALLVILLE, IN · plan year 2024

Broker compensation reported · 2024
$28,681

Reliable Tool & Machine Co., Inc.'s benefits plans covered 127 active participants in 2024, providing health · life · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $28,681 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $226 per covered person, above the median for employer plans that report broker pay. Brokers were paid 6.1x the $4,682 reported for 2023.

Insurance contracts · 20241
RELIANCE STANDARD LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 127 covered
Brokers & agents paid · 20242
GIBSON INSURANCE AGENCY$15,660 · incl $863 fees
FORESTER BENEFITS MANAGEMENT, LLC$13,021
Also brokered by Gibson Insurance Agency5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 350997577 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.