Stepan Companybenefits
Stepan Company Employee Welfare Benefit Plan · NORTHBROOK, IL · plan year 2024
Broker compensation reported · 2024
$42,920
Stepan Company's benefits plans covered 1,249 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $42,920 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $34 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 58% from $27,220 in 2023.
Insurance contracts · 20246
DELTA DENTAL OF ILLINOIS · dentalpremiums n/a · 947 covered
RELIASTAR LIFE INSURANCE COMPANY · lifepremiums n/a · 2,142 covered
HEALTH CARE SERVICE CORPORATION, A MUTUAL LEGAL RESERVE COMPANY · stop-losspremiums n/a · 2,311 covered
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA · ltdpremiums n/a · 1,251 covered
MAGELLAN HEALTHpremiums n/a · 1,148 covered
DELAWARE AMERICAN LIFE INSURANCE COMPANY · health dentalpremiums n/a · 2 covered
Brokers & agents paid · 20243
MERCER HEALTH & BENEFITS$7,894
Also brokered by Mercer5
Lowes Companies, Inc. NC$10,259,702
Caterpillar Inc. TX$5,319,156
The Boeing Co. and Consolidated Subsidiaries WA$5,091,875
Tata America International Corporation NY$4,231,391
Northrop Grumman Corporation VA$4,003,536
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 361823834 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.