Socotec, Incbenefits
Socotec, Inc Employee Benefits Plan · NEW YORK, NY · plan year 2024
Broker compensation reported · 2024
$326,725
Socotec, Inc's benefits plans covered 417 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $326,725 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $784 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 13% from $290,101 in 2023.
Insurance contracts · 20243
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dental vision life std ltdpremiums n/a · 420 covered
ANTHEM BLUE CROSS · healthpremiums n/a · 320 covered
HMSA HEALTH PLAN · healthpremiums n/a · 4 covered
Brokers & agents paid · 20242
PROFILE BENEFITS INC$197,242
DONALD C SAVOY INC$129,483 · incl $67,157 fees
Also brokered by Profile Benefits Inc5
M&J Engineering D.P.C. NY$117,550
Moritt Hock & Hamroff LLP NY$56,663
Positive Beginnings Inc. NY$25,970
Forerunner Technologies, Inc. NY$15,268
Dayton T. Brown, Inc. NY$2,127
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 131584475 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.