Plan Ledger DOL Form 5500 · updated monthly

Transaxle, LLCbenefits

Transaxle LLC Employee Benefit Plan · CINNAMINSON, NJ · plan year 2024

Broker compensation reported · 2024
$7,049

Transaxle, LLC's benefits plans covered 206 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,040,636. Insurance brokers and agents were paid $7,049 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.7% of premiums. That is $34 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 65% from $20,367 in 2023.

Insurance contracts · 20244
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drug$1.0M · 157 covered
STARMOUNT LIFE INSURANCE COMPANY · dentalpremiums n/a · 130 covered
VISION SERVICE PLAN · visionpremiums n/a · 102 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 217 covered
Brokers & agents paid · 20243
WATCHTOWER BENEFITS, LLC.$1,535 · incl $1,535 fees
IMA, INC.$4,521 · incl $1,516 fees
Also brokered by Watchtower Benefits, LLC.5
Atlas Hxm IL$3,947

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 205357782 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.