Plan Ledger DOL Form 5500 · updated monthly

Towlift, Inc.benefits

Towlift Inc. Health and Welfare Plan · CLEVELAND, OH · plan year 2024

Broker compensation reported · 2024
$133,148

Towlift, Inc.'s benefits plans covered 781 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $133,148 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $170 per covered person, below the median for employer plans that report broker pay. Broker pay fell 23% from $172,696 in 2023.

Insurance contracts · 20243
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 936 covered
Brokers & agents paid · 20241
USI INSURANCE SERVICES LLC$133,148 · incl $73,794 fees
Also brokered by Usi5
The Faison Center VA$1,640,677

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 340963132 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.