Sumitomo Machinery Corporation of Americabenefits
Sumitomo Machinery Corporation of America Welfare Benefits Plan · CHESAPEAKE, VA · plan year 2025
Sumitomo Machinery Corporation of America's benefits plans covered 591 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $69,587 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $118 per covered person, below the median for employer plans that report broker pay. Broker pay fell 3.8% from $72,324 in 2024.
Why are you looking at this plan?
Source: DOL Form 5500 Schedule A, plan year 2025, EIN 221815055 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.