The Loving Groupbenefits
The Loving Group Benefits Welfare Plan · CHARLOTTE, NC · plan year 2024
The Loving Group's benefits plans covered 111 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits. Insurance premiums totaled $45,718. Insurance brokers and agents were paid $38,365 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 83.9% of premiums. That is $346 per covered person, above the median for employer plans that report broker pay. Broker pay fell 15% from $45,281 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 270664188 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.