Plan Ledger DOL Form 5500 · updated monthly

Velan Valve Corp.benefits

Velan Valve Corporation Life / Short Term Disability Plan · WILLISTON, VT · plan year 2024

Broker compensation reported · 2024
$14,836

Velan Valve Corp.'s benefits plans covered 87 active participants in 2024, providing life · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $14,836 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $171 per covered person, below the median for employer plans that report broker pay. Broker pay fell 74% from $57,295 in 2023.

Insurance contracts · 20241
PRUDENTIAL INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 90 covered
Brokers & agents paid · 20242
USI INSURANCE SERVICES LLC$14,815 · incl $2,659 fees
IMG$21 · incl $21 fees
Also brokered by Usi5
The Faison Center VA$1,640,677

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 141539089 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.