Plan Ledger DOL Form 5500 · updated monthly

Veritextbenefits

Veritext Employee Benefit Plan · LIVINGSTON, NJ · plan year 2024

Broker compensation reported · 2024
$43,215

Veritext's benefits plans covered 1,178 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $43,215 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $37 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 3.3% from $41,823 in 2023.

Insurance contracts · 20244
VISION SERVICE PLAN · visionpremiums n/a · 824 covered
AETNA LIFE INSURANCE COMPANYpremiums n/a · 185 covered
UNITED OF OMAHA LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 1,194 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · life std ltdpremiums n/a · 1,178 covered
Brokers & agents paid · 20243
FMLASOURCE, INC.$12,190 · incl $12,190 fees
ALLIANT INSURANCE SERVICES, INC.$26,421 · incl $16,181 fees
WATCHTOWER BENEFITS, LLC$4,604 · incl $4,604 fees
Also brokered by Fmlasource, Inc.5
Paq Inc CA$31,344

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 203132569 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.