Plan Ledger DOL Form 5500 · updated monthly

Spray-Tek, Inc.benefits

Spray-Tek, Inc. Welfare Benefits Plan · MIDDLESEX, NJ · plan year 2024

Broker compensation reported · 2024
$108,800

Spray-Tek, Inc.'s benefits plans covered 190 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $108,800 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $573 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 6.7x the $16,244 reported for 2023.

Insurance contracts · 20243
PRINCIPAL LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 256 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES · health drug dentalpremiums n/a · 109 covered
Brokers & agents paid · 20241
LOCKTON COMPANIES, LLC$108,800 · incl $92,639 fees
Also brokered by Lockton5
Banner Health AZ$3,011,257

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 222318197 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.