Plan Ledger DOL Form 5500 · updated monthly

Tennessee Electric Co., Inc. dba Tec Industrial Maintenance & Constbenefits

Tennessee Electric Co., Inc. Employees Benefit Plan · KINGSPORT, TN · plan year 2023

Broker compensation reported · 2023
$139,106

Tennessee Electric Co., Inc. dba Tec Industrial Maintenance & Const's benefits plan covered 418 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $2,038,940. Insurance brokers and agents were paid $139,106 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.8% of premiums. That is $333 per covered person, above the median for employer plans that report broker pay.

Insurance contracts · 202310
BLUECROSS BLUESHIELD OF TENNESSEE, INC. · health$2.0M · 370 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · visionpremiums n/a · 162 covered
PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY · lifepremiums n/a · 28 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 274 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 201 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · lifepremiums n/a · 132 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · stdpremiums n/a · 168 covered
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · ltdpremiums n/a · 144 covered
Brokers & agents paid · 20237
WILLIAM WATSON$42,683
ROBERT HUFFAKER JR$20,163
STEPHEN HUNGATE$5,068
MCGRIFF INSURANCE SERVICES INC$31,868 · incl $6,971 fees
CIMPLX HR INC$8,317 · incl $8,317 fees
MCGRIFF INSURANCE SERVICES, INC.$30,848 · incl $4,973 fees
Individual agent · names withheld$159

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 William Watson3

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Source: DOL Form 5500 Schedule A, plan year 2023, EIN 620645369 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.