Standard Process Incbenefits

Life & Accidental Death & Dismemberment · PALMYRA, WI · plan year 2024

Broker compensation reported · 2024

$48,070

Standard Process Inc's benefits plans covered 633 active participants in 2024, providing life · death benefits. Insurance brokers and agents were paid $48,070 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $76 per covered person, below the median for employer plans that report broker pay. Broker pay rose 27% from $37,750 in 2023.

Insurance contracts · 20244

RELIASTAR LIFE INSURANCE COMPANY · lifepremiums n/a · 1,068 covered

RELIASTAR LIFE INSURANCE COMPANY · ltdpremiums n/a · 633 covered

VISION SERVICE PLAN · visionpremiums n/a · 547 covered

RELIASTAR LIFE INSURANCE COMPANYpremiums n/a · 409 covered

Brokers & agents paid · 20244

BROWN AND BROWN OF WISONSIN, INC.$4,657

BROWN AND BROWN OF WISCONSIN, INC.$23,327

HAYS COMPANIES, INC.$15,336 · incl $3,286 fees

WATCHTOWER TECHNOLOGIES, INC.$4,750 · incl $4,482 fees

Also brokered by Brown & Brown5
Beth Israel Lahey Health, Inc. MA$3,690,428
President & Fellows of Harvard College Harvard Human Resources, Benefi MA$1,823,091
Dana-Farber Cancer Institute, Inc. MA$1,776,211
Bj's Wholesale Club, Inc. MA$1,391,058
Srm Concrete, LLC TN$1,315,284

Why are you looking at this plan?

Standard Process Inc's retirement plan: fees & contributions

How these broker payments compare nationally

Employer health plans in Wisconsin

Source: DOL Form 5500 Schedule A, plan year 2024, EIN 390762936 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.