The Esab Group, Inc.benefits
Group Insurance Plan for Employees of the Esab Group, Inc. · NORTH BETHESDA, MD · plan year 2024
Broker compensation reported · 2024
$223,941
The Esab Group, Inc.'s benefits plans covered 1,168 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $223,941 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $192 per covered person, above the median for employer plans that report broker pay. Broker pay rose 5.7% from $211,905 in 2023.
Insurance contracts · 20248
RELIASTAR LIFE INSURANCE COMPANY · lifepremiums n/a · 1,738 covered
METLIFE LEGAL PLANSpremiums n/a · 86 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · ltdpremiums n/a · 1,171 covered
CCA INC.premiums n/a · 1,187 covered
FIDELITY SECURITY LIFE INSURANCE COMPANY · visionpremiums n/a · 1,815 covered
TRANSAMERICA INSURANCE COMPANY · healthpremiums n/a · 59 covered
EXPRESS SCRIPTS, INC. · drugpremiums n/a · 26 covered
RELIASTAR LIFE INSURANCE COMPANY · lifepremiums n/a · 669 covered
Brokers & agents paid · 20245
MERCER HEALTH AND BENEFITS, LLC$184,859 · incl $1,800 fees
AMWINS GROUP BENEFITS, LLC$26,045
BSC AGENCY, LLC$6,755 · incl $6,755 fees
WEBTPA$5,117
BUSINESSOLVER.COM, INC.$1,165 · incl $1,165 fees
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 840966648 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.