Turning Point, Inc.benefits
Turning Point Inc. Employee Benefits Plan · NEWBURYPORT, MA · plan year 2024
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.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 042479435 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.