Versant Powerbenefits
Versant Power Benefit Plan · BANGOR, ME · plan year 2024
Broker compensation reported · 2024
$67,749
Versant Power's benefits plans covered 554 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance brokers and agents were paid $67,749 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $122 per covered person, below the median for employer plans that report broker pay. Broker pay rose 3.5% from $65,473 in 2023.
Insurance contracts · 20244
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES · dentalpremiums n/a · 428 covered
RED TREE INSURANCE COMPANY, INC. · visionpremiums n/a · 849 covered
PRUDENTIAL INSURANCE COMPANY OF AMERICA · life ltdpremiums n/a · 554 covered
RELIASTAR LIFE INSURANCE COMPANY · stop-losspremiums n/a · 522 covered
Brokers & agents paid · 20245
MERCER HEALTH & BENEFITS, LLC$56,906 · incl $16,123 fees
IMG$106 · incl $106 fees
Also brokered by Mercer5
Lowes Companies, Inc. NC$10,259,702
Caterpillar Inc. TX$5,319,156
The Boeing Co. and Consolidated Subsidiaries WA$5,091,875
Tata America International Corporation NY$4,231,391
Northrop Grumman Corporation VA$4,003,536
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 010024370 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.