Simcorp USA Inc.benefits
Simcorp Health and Welfare Benefit Plan · NEW YORK, NY · plan year 2025
Broker compensation reported · 2025
$77,054
Simcorp USA Inc.'s benefits plans covered 242 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $77,054 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $318 per covered person, above the median for employer plans that report broker pay. Brokers were paid 4.8x the $16,163 reported for 2024.
Insurance contracts · 20253
FIRST UNUM LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 266 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · dental visionpremiums n/a · 230 covered
FIRST UNUM LIFE INSURANCE COMPANY · lifepremiums n/a · 116 covered
Brokers & agents paid · 20251
EDGEWOOD PARTNERS INSURANCE CENTER$77,054 · incl $4,778 fees
Also brokered by Edgewood Partners Insurance Center5
Westamerica Bancorporation CA$751,969
Insurance Trust for Delta Retirees, Inc. GA$666,026
The Arcticom Group CA$654,258
Brand Services, LLC GA$614,436
Charles River Laboratories, Inc MA$583,424
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 134135820 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.