Plan Ledger DOL Form 5500 · updated monthly

Seabrook Brothers and Sons, Incbenefits

Seabrook Brothers and Sons Inc Medical Benefits Plan · BRIDGETON, NJ · plan year 2024

Broker compensation reported · 2024
$8,074

Seabrook Brothers and Sons, Inc's benefits plans covered 260 active participants in 2024, providing health. Insurance premiums totaled $48,980. Insurance brokers and agents were paid $8,074 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 16.5% of premiums. That is $31 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 40% from $13,350 in 2023.

Insurance contracts · 20242
STANDARD INSURANCE COMPANY · ltd$25K · 136 covered
STANDARD INSURANCE COMPANY · life$24K · 136 covered
Brokers & agents paid · 20241
GALLAGHER BENEFIT SERVICES, INC.$8,074 · incl $1,910 fees
Also brokered by Gallagher5
Chem Carriers, LLC LA$5,531,992

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 222170637 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.