Plan Ledger DOL Form 5500 · updated monthly

Sax LLPbenefits

Sax LLP Welfare and Health Plans · PARSIPPANY, NJ · plan year 2024

Broker compensation reported · 2024
$243,483

Sax LLP's benefits plans covered 266 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $243,483 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $915 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 54% from $158,269 in 2023.

Insurance contracts · 20246
VISION SERVICE PLAN · visionpremiums n/a · 199 covered
HORIZON HEALTHCARE SERVICES, INC. · health drugpremiums n/a · 223 covered
UNITEDHEALTHCARE INSURANCE COMPANY · dentalpremiums n/a · 417 covered
FIRST UNUM LIFE INSURANCE COMPANY · stdpremiums n/a · 75 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 266 covered
Brokers & agents paid · 20247
CENTERSTONE INS. AND FIN. SERVICES$154,907 · incl $26,480 fees
AMWINS CONNECT INSURANCE SVCS., LLC$7,612
LISI, INC.$5,818 · incl $5,818 fees
NEW YORK LONG TERM CARE BROKER$38,559
NEESENROLL$32,885 · incl $30,800 fees
THE HOTALING GROUP$3,530
CUSTOMIZED BENEFIT SOLUTIONS$172
Also brokered by Centerstone Ins. and Fin. Services5
Third Bridge NY$55,565
Quontic Bank NY$32,481

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 812950760 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.