Plan Ledger DOL Form 5500 · updated monthly

Schiffmans, Inc.benefits

Schiffman's, Inc. Employee Benefits Plan · GREENSBORO, NC · plan year 2024

Broker compensation reported · 2024
$110,584

Schiffmans, Inc.'s benefits plans covered 142 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $110,584 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $779 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 5.7% from $104,664 in 2023.

Insurance contracts · 20246
UNUM INSURANCE COMPANYpremiums n/a · 35 covered
UNUM INSURANCE COMPANYpremiums n/a · 28 covered
HCC LIFE INSURANCE COMPANY · stop-losspremiums n/a · 79 covered
AMERITAS LIFE INSURANCE CORP · dental visionpremiums n/a · 187 covered
UNUM INSURANCE COMPANYpremiums n/a · 36 covered
PRUDENTIAL INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 144 covered
Brokers & agents paid · 20245
ALLIED BENEFIT SYSTEMS LLC$38,915
MEDCOST LLC$7,107
MARSH & MCLENNAN AGENCY LLC$57,900 · incl $1,843 fees
IMG$27 · incl $27 fees
Also brokered by Allied Benefit Systems LLC4

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 560390990 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.