Welch Bros., Inc.benefits
Welch Bros., Inc. Health Advantage Plan · ELGIN, IL · plan year 2024
Broker compensation reported · 2024
$197,043
Welch Bros., Inc.'s benefits plans covered 209 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $197,043 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $943 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 66% from $118,769 in 2023.
Insurance contracts · 20243
BLUECROSS BLUESHIELD OF ILLINOIS · health drugpremiums n/a · 524 covered
DEARBORN LIFE INSURANCE COMPANY · lifepremiums n/a · 209 covered
METROPOLITAN LIFE INSURANCE COMPANY · dental vision std ltdpremiums n/a · 442 covered
Brokers & agents paid · 20245
A.M. INSURANCE GROUP, INC.$161,825 · incl $981 fees
A M INSURANCE GROUP, INC.$30,988
FLEXIBLE BENEFIT SERVICE, LLC$3,153 · incl $270 fees
EMERSON ROGERS, LLC$1,076 · incl $207 fees
WELCH BROS, INC.$1 · incl $1 fees
Also brokered by A.M. Insurance Group, Inc.1
Shaker Advertising Agency IL$99,593
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 363115602 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.