Wellborn Forest Products, Inc.benefits
Wellborn Forest Products, Inc. Benefit Plan · ALEXANDER CITY, AL · plan year 2025
Wellborn Forest Products, Inc.'s benefits plans covered 715 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $3,841,735. Insurance brokers and agents were paid $91,640 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.4% of premiums. That is $128 per covered person, below the median for employer plans that report broker pay. Brokers were paid 3.7x the $24,584 reported for 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 205872901 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.