Plan Ledger DOL Form 5500 · updated monthly

Transcat, Inc.benefits

Transcat, Inc. Welfare Benefit Plan · ROCHESTER, NY · plan year 2024

Broker compensation reported · 2024
$434,173

Transcat, Inc.'s benefits plans covered 810 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $434,173 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $536 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 12% from $388,919 in 2023.

Insurance contracts · 20244
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES · health drug dental ppopremiums n/a · 824 covered
AMERITAS LIFE INSURANCE CORPORATION OF NEW YORK · visionpremiums n/a · 1,524 covered
LINCOLN LIFE AND ANNUITY COMPANY OF NEW YORK · life std ltdpremiums n/a · 987 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANYpremiums n/a · 810 covered
Brokers & agents paid · 20242
USI INSURANCE SERVICES LLC$430,224 · incl $312,280 fees
WORKFORCE CONCEPTS$3,949
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 160874418 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.