Richard E. Pierson Construction Co. Inc.benefits
Group Insurance Plan for Employees of R.E. Pierson Companies · PILESGROVE, NJ · plan year 2024
Richard E. Pierson Construction Co. Inc.'s benefits plans covered 344 active participants in 2024, providing life · dental · vision · other. Insurance premiums totaled $15,250. Insurance brokers and agents were paid $42,396 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 278.0% of premiums. That is $123 per covered person, below the median for employer plans that report broker pay. Broker pay rose 17% from $36,296 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 222269412 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.