Springfield Area Transit Company, Inc.benefits
Welfare Benefit Plan · SPRINGFIELD, MA · plan year 2024
Broker compensation reported · 2024
$38,847
Springfield Area Transit Company, Inc.'s benefits plans covered 265 active participants in 2024, providing health · life · dental · short-term disability · death benefits. Insurance brokers and agents were paid $38,847 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $147 per covered person, below the median for employer plans that report broker pay. Broker pay fell 63% from $104,283 in 2023.
Insurance contracts · 20242
HEALTH NEW ENGLAND, INC. · health drugpremiums n/a · 276 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · life stdpremiums n/a · 265 covered
Brokers & agents paid · 20242
STARKWEATHER AND SHEPLEY INS BROK$35,837
JAMES R. NELLIGAN AND ASSOC, LLC$3,010
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 043572241 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.