Plan Ledger DOL Form 5500 · updated monthly

Wesco, Inc.benefits

Wesco, Inc. Cafeteria Plan and Employee Benefit Plan · MUSKEGON, MI · plan year 2024

Broker compensation reported · 2024
$16,682

Wesco, Inc.'s benefits plans covered 273 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $160,682. Insurance brokers and agents were paid $16,682 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.4% of premiums. That is $61 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 30% from $12,844 in 2023.

Insurance contracts · 20243
DELTA DENTAL OF MICHIGAN · dental$161K · 537 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · life ltdpremiums n/a · 229 covered
Brokers & agents paid · 20242
SPECTRUM BENEFITS, LLC$10,511
Also brokered by Spectrum Benefits, LLC2

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 382184520 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.