Westerman, Inc.benefits
Westerman, Inc. Health and Welfare Plan · BREMEN, OH · plan year 2024
Westerman, Inc.'s benefits plans covered 399 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $57,605. Insurance brokers and agents were paid $196,911 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 341.8% of premiums. That is $494 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 3.5% from $190,322 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 314420618 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.