Plan Ledger DOL Form 5500 · updated monthly

Telephone Electronics Corporationbenefits

Telephone Electronics Corporation Employee Benefit · JACKSON, MS · plan year 2024

Broker compensation reported · 2024
$69,567

Telephone Electronics Corporation's benefits plans covered 197 active participants in 2024, providing health · life · dental · vision · death benefits · other. Insurance premiums totaled $343,656. Insurance brokers and agents were paid $69,567 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 20.2% of premiums. That is $353 per covered person, above the median for employer plans that report broker pay. Broker pay rose 15% from $60,656 in 2023.

Insurance contracts · 20244
HCC LIFE INSURANCE COMPANY · stop-loss$344K · 194 covered
AFLACpremiums n/a · 82 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · lifepremiums n/a · 197 covered
LIFE INSURANCE COMPANY OF NORTH AMERICApremiums n/a · 197 covered
Brokers & agents paid · 202410
ROSS & YERGER INSURANCE, INC.$53,969
ROSS AND YERGER INSURANCE INC$6,578 · incl $874 fees
THE SANDERS GROUP INC$1,591
J LEE & ASSOCIATES INC$356 · incl $83 fees
E SPEED INC$339
C HEWITT INC$271
CRUSER MARKETING INC$102
V L MONTGOMERY INC$34
SAIC INC$6
50 individual agents · names withheld$6,321

Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.

Also brokered by Ross & Yerger Insurance, Inc.5
Ergon, Inc MS$309,436
Lyle Machinery MS$52,604

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 640527889 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.