Plan Ledger DOL Form 5500 · updated monthly

Skills Groupbenefits

Skills Group/Skills of Central PA Employee Benefit Plan · STATE COLLEGE, PA · plan year 2024

Broker compensation reported · 2024
$186,202

Skills Group's benefits plans covered 732 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $244,922. Insurance brokers and agents were paid $186,202 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 76.0% of premiums. That is $254 per covered person, above the median for employer plans that report broker pay. Broker pay rose 174% from $68,059 in 2023.

Insurance contracts · 20244
UNITED CONCORDIA INSURANCE COMPANY · dental$245K · 521 covered
PRUDENTIAL INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 732 covered
HIGHMARK, INC. · visionpremiums n/a · 495 covered
GRANULAR INSURANCE COMPANY · stop-losspremiums n/a · 462 covered
Brokers & agents paid · 20241
STALWART INSURANCE$186,202
Also brokered by Stalwart Insurance1

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 240855593 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.