Aramco Shared Benefits Companybenefits

Aramco Shared Benefits Company's benefits plans covered 1,562 active participants in 2024, providing health · life · dental · short-term disability · long-term disability. Insurance premiums totaled $3,231,163. Insurance brokers and agents were paid $42,141 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.3% of premiums. That is $27 per covered person, in the bottom quarter of employer plans that report broker pay. Brokers were paid 1239.4x the $34 reported for 2023.