Allied Power Management, LLCbenefits

Allied Power Management, LLC's benefits plans covered 356 active participants in 2024, providing health · life · short-term disability · long-term disability · death benefits. Insurance premiums totaled $3,225,278. Insurance brokers and agents were paid $352,028 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.9% of premiums. That is $989 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 8.7% from $323,848 in 2023.