Plan Ledger DOL Form 5500 · updated monthly

Somerville-Cambridge Elder Servicesbenefits

Somerville-Cambridge Elder Services Employee Benefits Plan · SOMERVILLE, MA · plan year 2024

Broker compensation reported · 2024
$44,124

Somerville-Cambridge Elder Services's benefits plans covered 129 active participants in 2024, providing health · life · dental · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $44,124 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $342 per covered person, above the median for employer plans that report broker pay. Broker pay fell 2.2% from $45,132 in 2023.

Insurance contracts · 20243
BLUE CROSS BLUE SHIELD OF MASSACHUSETTS, INC. · dentalpremiums n/a · 131 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · life std ltdpremiums n/a · 129 covered
HARVARD PILGRIM HEALTH CARE · health drug hmopremiums n/a · 130 covered
Brokers & agents paid · 20242
GALLAGHER BENEFIT SERVICES, INC.$34,285 · incl $10,044 fees
JENNIFER A. BORISLOW INS AGENCY INC$9,839
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 042515020 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.