Plan Ledger DOL Form 5500 · updated monthly

Virtusa Corporationbenefits

Virtusa Corp US Employees Welfare Benefits Plan · SOUTHBOROUGH, MA · plan year 2024

Broker compensation reported · 2024
$2,946,548

Virtusa Corporation's benefits plans covered 2,512 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $10,125,997. Insurance brokers and agents were paid $2,946,548 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 29.1% of premiums. That is $1,173 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 4.0x the $733,298 reported for 2023.

Insurance contracts · 202449
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drug dental vision$3.6M · 5,194 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drug dental vision$2.6M · 5,312 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drug dental vision$2.2M · 6,880 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drug dental vision$868K · 6,040 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drug dental vision$794K · 6,586 covered
FEDERAL INSURANCE COMPANYpremiums n/a · 1,602 covered
METLIFE LEGAL PLANS, INC.premiums n/a · 70 covered
METLIFE LEGAL PLANS, INC.premiums n/a · 130 covered
FEDERAL INSURANCE COMPANYpremiums n/a · 2,260 covered
FEDERAL INSURANCE COMPANYpremiums n/a · 1,913 covered
METLIFE LEGAL PLANS, INC.premiums n/a · 183 covered
FEDERAL INSURANCE COMPANYpremiums n/a · 2,000 covered
METLIFE LEGAL PLANS, INC.premiums n/a · 276 covered
FEDERAL INSURANCE COMPANYpremiums n/a · 2,512 covered
METLIFE LEGAL PLANS, INC.premiums n/a · 282 covered
BCS INSURANCE COMPANY · stop-losspremiums n/a · 2,101 covered
FEDERAL INSURANCE COMPANYpremiums n/a · 2,236 covered
NEW YORK LIFE (LIFE INSURANCE COMPANY OF NORTH AMERICA) · ltdpremiums n/a · 2,229 covered
METLIFE LEGAL PLANS, INC.premiums n/a · 372 covered
KAISER FOUNDATION HEALTH PLAN INC. · health drug hmopremiums n/a · 120 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANYpremiums n/a · 439 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · dental visionpremiums n/a · 5,716 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANYpremiums n/a · 651 covered
NEW YORK LIFE (LIFE INSURANCE COMPANY OF NORTH AMERICA) · lifepremiums n/a · 2,236 covered
EYEMED VISION CARE (FIDELITY SECURITY LIFE INS CO) · visionpremiums n/a · 1,734 covered
NEW YORK LIFE (LIFE INSURANCE COMPANY OF NORTH AMERICA)premiums n/a · 2,236 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANYpremiums n/a · 683 covered
EYEMED VISION CARE (FIDELITY SECURITY LIFE INS CO) · visionpremiums n/a · 23 covered
AETNA LIFE INSURANCE COMPANY · visionpremiums n/a · 3,181 covered
AETNA LIFE INSURANCE COMPANY · life ltdpremiums n/a · 1,602 covered
NEW YORK LIFE INSURANCE COMPANY · lifepremiums n/a · 2,004 covered
AETNA LIFE INSURANCE COMPANY · visionpremiums n/a · 3,621 covered
AETNA LIFE INSURANCE COMPANY · ltdpremiums n/a · 1,634 covered
AETNA LIFE INSURANCE COMPANY · visionpremiums n/a · 4,019 covered
NEW YORK LIFE INSURANCE COMPANY · lifepremiums n/a · 1,913 covered
AETNA LIFE INSURANCE COMPANY · ltdpremiums n/a · 2,069 covered
HARTFORD LIFE AND ACCIDENT · life ltdpremiums n/a · 2,720 covered
AETNA LIFE INSURANCE COMPANY · visionpremiums n/a · 4,670 covered
AETNA LIFE INSURANCE COMPANY · visionpremiums n/a · 4,435 covered
HARTFORD LIFE AND ACCIDENT · life ltdpremiums n/a · 2,512 covered
Brokers & agents paid · 20244
LOCKTON COMPANIES, LLC$2,529,674 · incl $218,112 fees
MARSH & MCLENNAN AGENCY LLC$317,675 · incl $106,878 fees
DISABILITY RMS$73,063 · incl $73,063 fees
ROBERT PETROCELLI$26,136
Also brokered by Lockton5
Banner Health AZ$3,011,257

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 043512883 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.