Plan Ledger DOL Form 5500 · updated monthly

Scitec, Inc.benefits

Scitec, Inc. Health and Welfare Benefit Plan · PRINCETON, NJ · plan year 2024

Broker compensation reported · 2024
$132,696

Scitec, Inc.'s benefits plans covered 378 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits · other · long-term disability. Insurance brokers and agents were paid $132,696 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $351 per covered person, above the median for employer plans that report broker pay. Broker pay fell 26% from $180,514 in 2023.

Insurance contracts · 20242
AETNA LIFE INSURANCE COMPANY · healthpremiums n/a · 656 covered
PRINCIPAL LIFE INSURANCE COMPANY · dental vision life ltd ppopremiums n/a · 741 covered
Brokers & agents paid · 20243
PRINCETON HR SOLUTIONS LLC$64,205 · incl $21,047 fees
SAVOY ASSOCIATES$43,206
DONALD C SAVOY INC$25,285 · incl $25,285 fees
Also brokered by Princeton HR Solutions LLC1

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 222255328 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.