American Angus Associationbenefits

American Angus Association's benefits plans covered 135 active participants in 2024, providing health · life · dental · long-term disability · death benefits · other · short-term disability · vision. Insurance premiums totaled $1,603,849. Insurance brokers and agents were paid $695,354 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 43.4% of premiums. That is $5,151 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 8.6x the $81,044 reported for 2023.