Plan Ledger DOL Form 5500 · updated monthly

Veterans Inc.benefits

Veterans Inc Employee Benefit Plan · WORCESTER, MA · plan year 2024

Broker compensation reported · 2024
$58,605

Veterans Inc.'s benefits plans covered 166 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $1,654,821. Insurance brokers and agents were paid $58,605 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.5% of premiums. That is $353 per covered person, above the median for employer plans that report broker pay. Broker pay rose 17% from $50,067 in 2023.

Insurance contracts · 20242
BLUE CROSS BLUE SHIELD OF MA · health drug dental vision$1.7M · 176 covered
EQUITABLE FINANCIAL LIFE INS C0 · life std ltdpremiums n/a · 166 covered
Brokers & agents paid · 20243
SMALL BUSINESS INSURANCE AGENCY$41,206 · incl $3,280 fees
STERLING BRIDGE INSURANCE AGENCY$12,385
INDIGO INSURANCE SERVICES$5,014 · incl $5,014 fees
Also brokered by Small Business Insurance Agency3

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 043098024 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.