Albertus Magnus Collegebenefits

Albertus Magnus College's benefits plans covered 172 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $1,298,051. Insurance brokers and agents were paid $101,783 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.8% of premiums. That is $592 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 4.4x the $23,384 reported for 2023.