Plan Ledger DOL Form 5500 · updated monthly

Timepayment Corpbenefits

Timepayment Corp. Wrap Benefit Plan · WOBURN, MA · plan year 2024

Previously filed as Timepayment Corp. Same employer identification number; renames and acquisitions are why old benefits and 401(k) accounts get lost.

Broker compensation reported · 2024
$93,148

Timepayment Corp's benefits plans covered 95 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $62,842. Insurance brokers and agents were paid $93,148 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 148.2% of premiums. That is $981 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 8.7% from $102,068 in 2023.

Insurance contracts · 20246
STANDARD INSURANCE COMPANY · life$33K · 118 covered
STANDARD INSURANCE COMPANY · ltd$16K · 118 covered
STANDARD INSURANCE COMPANY · std$13K · 118 covered
VISION SERVICE PLAN · visionpremiums n/a · 81 covered
GUARDIAN · dentalpremiums n/a · 95 covered
UNITEDHEALTHCARE INSURANCE COMPANY · healthpremiums n/a · 172 covered
Brokers & agents paid · 20244
NFP CORPORATE SERVICES NY LLC$2,787 · incl $448 fees
Also brokered by Nfp5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 200687813 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.