Tdk-Lambda Americas Inc.benefits
Tdk-Lambda Americas Inc. Insurance Based Employee Benefit Plan · TINTON FALLS, NJ · plan year 2024
Tdk-Lambda Americas Inc.'s benefits plans covered 310 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $257,345. Insurance brokers and agents were paid $231,194 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 89.8% of premiums. That is $746 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 16% from $200,059 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 221898025 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.