Ronald Mark Associates, Inc.benefits
Ronald Mark Associates Health & Welfare Benefits Plan · HILLSIDE, NJ · plan year 2024
Ronald Mark Associates, Inc.'s benefits plans covered 119 active participants in 2024, providing health · life · dental · vision · death benefits. Insurance premiums totaled $457,538. Insurance brokers and agents were paid $54,191 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 11.8% of premiums. That is $455 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 21% from $68,280 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 222025459 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.