Plan Ledger DOL Form 5500 · updated monthly

Turning Point, Inc.benefits

Turning Point Inc. Employee Benefits Plan · NEWBURYPORT, MA · plan year 2024

Broker compensation reported · 2024
$59,805

Turning Point, Inc.'s benefits plans covered 258 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $124,406. Insurance brokers and agents were paid $59,805 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 48.1% of premiums. That is $232 per covered person, above the median for employer plans that report broker pay. Brokers were paid 3.9x the $15,460 reported for 2023.

Insurance contracts · 20249
BLUE CROSS BLUE SHIELD OF MASSACHUSETTS, INC. · dental$124K · 271 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · stdpremiums n/a · 258 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · lifepremiums n/a · 258 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · ltdpremiums n/a · 18 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · lifepremiums n/a · 66 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · ltdpremiums n/a · 51 covered
VISION SERVICE PLAN · visionpremiums n/a · 142 covered
HCC LIFE INSURANCE COMPANY · healthpremiums n/a · 136 covered
Brokers & agents paid · 20244
HP PLANNING, LLC$42,790
HP PLANNING LLC$5,449
ALERA GROUP, INC DBA SYLVIA GROUP$8,471 · incl $1,596 fees
ALERA GROUP INC$3,095 · incl $2,453 fees
Also brokered by Hp Planning, LLC5
Sectra, Inc. CT$140,125

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2024, EIN 042479435 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.