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Sponsor portfolioWelfare / HealthEIN 13-2637756
FERRERO USA INC.
7 SYLVAN WAY, 4TH FLOOR · PARSIPPANY, NJ 07054
7327649300
- Plans filed
- 6
- Years active
- 2015–2024
- Industry
- NAICS 31
- Latest filing
- 2024
Total premiums (latest)
$8.0M
No prior year
Persons covered
5,981
No prior year
Total participants
3,787
No prior year
Plans filed
6
No prior year
Plans under this sponsor
6 plans
Plan #506$8.0M
FERRERO USA INC. COMPREHENSIVE WELFARE BENEFITS PLAN
Mixed5,981 covered·5 carriers
Primary: PRUDENTIAL INSURANCE COMPANY OF AMERICA
Plan #502$344K
FERRERO USA, INC. LTD STD ADD
Fully insured414 covered·1 carrier
Primary: PRUDENTIAL INSURANCE COMPANY OF AMERICA
Plan #501$240K
FERRERO USA, INC. HEALTH AND DENTAL PLAN
Mixed590 covered·1 carrier
Primary: DELTA DENTAL OF NJ, INC.
Plan #504$45K
FERRERO USA, INC. VISION SERVICE PLAN
Fully insured404 covered·1 carrier
Primary: VISION SERVICE PLAN
Plan #503$14K
FERRERO USA, INC. ACCIDENTAL DEATH PLAN
Fully insured244 covered·1 carrier
Primary: LIFE INSURANCE COMPANY OF NORTH AMERICA
Plan #505$14K
FERRERO USA, INC. BUSINESS TRAVEL LIFE PLAN
Mixed244 covered·1 carrier
Primary: LIFE INSURANCE COMPANY OF NORTH AMERICA
Coverage overview
Aggregate, latest year
| Benefit type | Premium | Share | Distribution |
|---|---|---|---|
| Other | $3.8M | 25.1% | |
| Life | $3.7M | 23.9% | |
| Long-term disability | $3.7M | 23.9% | |
| Health | $1.9M | 12.7% | |
| Dental | $1.9M | 12.3% | |
| Vision | $316K | 2.1% |
Carrier overview
4 carriers · all plans
| Carrier | Coverage | Total premium | Share | Plans | Contracts | Covered |
|---|---|---|---|---|---|---|
EIN 221211670 | LLTDOth | $3.7M | 45.9% | 1 | 1 | 5,365 |
EIN 135581829 | HOth | $2.1M | 26.5% | 1 | 5 | 5,981 |
EIN 221896118 | D | $1.9M | 23.6% | 1 | 1 | 5,111 |
EIN 061227840 | V | $316K | 4.0% | 1 | 1 | 2,513 |
Broker overview
5 brokers · all plans
| Broker | Loc | Carriers | Commissions | Fees | Total comp | Share | Plans |
|---|---|---|---|---|---|---|---|
| CUSTOM BENEFIT PROGRAMS INC | SOMERSET, NJ | METROPOLITAN LIFE INSURANCE COMPANY, METLIFE LEGAL PLANS | $961K | $26K | $987K | 94.1% | 1 |
| AON CONSULTING INC | CHICAGO, IL | PRUDENTIAL INSURANCE COMPANY OF AMERICA | $0 | $46K | $46K | 4.4% | 1 |
| PLANSOURCE BENEFITS ADMINISTRATION | ORLANDO, FL | METROPOLITAN LIFE INSURANCE COMPANY | $10K | $0 | $10K | 0.9% | 1 |
| PLANSOURCE BENEFIT ADMINISTRATION | BOSTON, MA | METROPOLITAN LIFE INSURANCE COMPANY | $6K | $0 | $6K | 0.5% | 1 |
| IMG | INDIANAPOLIS, IN | PRUDENTIAL INSURANCE COMPANY OF AMERICA | $0 | $795 | $795 | 0.1% | 1 |
History & trajectory
10 years · all plans
Total premiums
Summed across all plans for this sponsor.
Persons covered
EOY headcount summed across all plans.
Carrier mix
Premium by top carriers, summed across plans.
Broker compensation
Comp by top brokers, summed across plans.
Policy details
Latest year, by plan