Verescencebenefits
Verescence Welfare Benefit Plan · COVINGTON, GA · plan year 2024
Broker compensation reported · 2024
$63,148
Verescence's benefits plans covered 354 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $63,148 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $178 per covered person, below the median for employer plans that report broker pay. Broker pay fell 39% from $104,167 in 2023.
Insurance contracts · 20243
GREATER GEORGIA LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 368 covered
STANDARD INSURANCE COMPANY · life std ltdpremiums n/a · 388 covered
FOUR EVER LIFE INS CO · healthpremiums n/a · 28 covered
Brokers & agents paid · 20242
ACRISURE, LLC$26,510 · incl $9,941 fees
ACRISURE LLC$36,638 · incl $3,052 fees
Also brokered by Acrisure5
Altamed Health Services Corp. CA$2,377,740
Republic Services, Inc. AZ$1,311,049
Memorial Health Services CA$1,100,427
Acrisure LLC MI$829,246
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 232812719 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.