Rent Express by Berriosbenefits
Rent Express Welfare Benefit Plan · CIDRA, PR · plan year 2024
Broker compensation reported · 2024
$987,970
Rent Express by Berrios's benefits plans covered 152 active participants in 2024, providing health · life · dental · long-term disability. Insurance premiums totaled $551,561. Insurance brokers and agents were paid $987,970 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 179.1% of premiums. That is $6,500 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 34.0x the $29,071 reported for 2023.
Insurance contracts · 20242
MCS LIFE INSURANCE COMPANY · health drug dental life ppo$404K · 112 covered
FIRST MEDICAL HEALTH PLAN INC · health drug dental vision life ppo$147K · 40 covered
Brokers & agents paid · 20242
OLYMPIC AGENCY, INC$416,435 · incl $12,011 fees
CGF INSURANCE LLC$571,535 · incl $19,974 fees
Also brokered by Olympic Agency, Inc1
International Hospitality Services, Inc. PR$15,979
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 660679566 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.