Plan Ledger DOL Form 5500 · updated monthly

The Lester Group, Inc.benefits

The Lester Group, Inc. Group Welfare Benefits Plan · MARTINSVILLE, VA · plan year 2024

Broker compensation reported · 2024
$56,730

The Lester Group, Inc.'s benefits plans covered 192 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $176,011. Insurance brokers and agents were paid $56,730 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 32.2% of premiums. That is $295 per covered person, above the median for employer plans that report broker pay. Broker pay fell 6.1% from $60,425 in 2023.

Insurance contracts · 20242
STANDARD INSURANCE COMPANY · life std ltd$176K · 192 covered
Brokers & agents paid · 20243
JAMES A SCOTT & SON INC$47,065 · incl $11,984 fees
ADP INC$8,775 · incl $8,775 fees
JAMES A SCOTT & SONS INC$890
Also brokered by James a Scott & Son Inc5
Propel Peo, Inc SC$637,061

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 540281310 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.