Valuemomentum, Inc.benefits
Valuemomentum, Inc. Health & Welfare Plan · PISCATAWAY, NJ · plan year 2024
Valuemomentum, Inc.'s benefits plans covered 500 active participants in 2024, providing health · life · dental · vision · short-term disability · other. Insurance premiums totaled $216,064. Insurance brokers and agents were paid $307,493 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 142.3% of premiums. That is $615 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 3.9% from $296,053 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 113414179 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.