A.B. Closing Corporationbenefits

A.B. Closing Corporation's benefits plans covered 368 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,278,308. Insurance brokers and agents were paid $98,562 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.7% of premiums. That is $268 per covered person, above the median for employer plans that report broker pay. Broker pay rose 11% from $89,078 in 2023.