American Institute of Bakingbenefits

American Institute of Baking's benefits plans covered 105 active participants in 2024, providing health · dental · vision. Insurance premiums totaled $466,718. Insurance brokers and agents were paid $67,581 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 14.5% of premiums. That is $644 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 20% from $83,971 in 2023.