UG2benefits
UG2, LLC Health and Welfare · BOSTON, MA · plan year 2023
Broker compensation reported · 2023
$4,014
UG2's benefits plan covered 1,048 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $4,014 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $4 per covered person, in the bottom quarter of employer plans that report broker pay.
Insurance contracts · 20233
KAISER FOUNDATION HEALTH PLAN INC · health drugpremiums n/a · 1,048 covered
EYEMED VISION CARE ON BEHALF OF FIDELITY SECURITY LIFE INSURANCE CO. · visionpremiums n/a · 1,052 covered
UNUM LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 1,048 covered
Brokers & agents paid · 20231
EASTERN BENEFITS GROUP$4,014 · incl $808 fees
Also brokered by Eastern Benefits Group5
Eastern Bank MA$666,261
Arbella Mutual Insurance Group MA$299,185
Vitech Systems Group, Sub LLC NY$222,202
The May Institute, Inc. MA$211,823
Resource Management Inc MA$201,779
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Source: DOL Form 5500 Schedule A, plan year 2023, EIN 461581160 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.