Plan Ledger DOL Form 5500 · updated monthly

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

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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.