Velcro USA Incbenefits
Velcro USA Inc Employee Benefits Plan · MANCHESTER, NH · plan year 2024
Broker compensation reported · 2024
$2,382
Velcro USA Inc's benefits plans covered 730 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $2,382 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $3 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 75% from $9,414 in 2023.
Insurance contracts · 20245
RELIASTAR LIFE INSURANCE COMPANY · life ltdpremiums n/a · 1,012 covered
VISION SERVICE PLAN · visionpremiums n/a · 5,886 covered
TRANSAMERICA LIFE INSURANCE COMPANYpremiums n/a · 17 covered
ACE AMERICAN INSURANCEpremiums n/a · 730 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · life ltdpremiums n/a · 730 covered
Brokers & agents paid · 20242
JAMES KINNEY$1,393
ADP, INC.$989 · incl $989 fees
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 132597668 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.