Plan Ledger DOL Form 5500 · updated monthly

Turbo Systems US Inc.benefits

Turbo Systems US Inc. Health and Welfare Plan · MIRAMAR, FL · plan year 2024

Broker compensation reported · 2024
$31,853

Turbo Systems US Inc.'s benefits plans covered 134 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $31,853 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $238 per covered person, above the median for employer plans that report broker pay. Broker pay rose 13% from $28,200 in 2023.

Insurance contracts · 20242
FIDELITY SECURITY LIFE INSURANCE COMPANY · visionpremiums n/a · 221 covered
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dental life std ltdpremiums n/a · 138 covered
Brokers & agents paid · 20241
MERCER HEALTH AND BENEFITS, LLC.$31,853 · incl $4,603 fees
Also brokered by Mercer5
Lowes Companies, Inc. NC$10,259,702
Caterpillar Inc. TX$5,319,156

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 871881091 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.