Plan Ledger DOL Form 5500 · updated monthly

Sarstedt, Inc.benefits

Sarstedt, Inc. Employee Benefit Plan · NEWTON, NC · plan year 2024

Broker compensation reported · 2024
$54,310

Sarstedt, Inc.'s benefits plans covered 236 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $936,579. Insurance brokers and agents were paid $54,310 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.8% of premiums. That is $230 per covered person, above the median for employer plans that report broker pay. Broker pay fell 41% from $91,757 in 2023.

Insurance contracts · 20242
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drug dental vision$937K · 263 covered
USABLE LIFE · life ltdpremiums n/a · 226 covered
Brokers & agents paid · 20242
USI INSURANCE SERVICES LLC$50,971 · incl $39,432 fees
Also brokered by Usi5
The Faison Center VA$1,640,677

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2024, EIN 222004363 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.