Wells Brothers Incbenefits
Wells Brothers Inc Employee Benefit Plan · ANNA, OH · plan year 2024
Previously filed as Wells Brothers, Inc. Same employer identification number; renames and acquisitions are why old benefits and 401(k) accounts get lost.
Wells Brothers Inc's benefits plans covered 127 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $63,492. Insurance brokers and agents were paid $73,961 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 116.5% of premiums. That is $582 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 29% from $57,196 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 311274234 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.