Audax Management Company, Inc. LLCbenefits

Audax Management Company, Inc. LLC's benefits plans covered 398 active participants in 2024, providing life · short-term disability · long-term disability · death benefits. Insurance premiums totaled $7,769,840. Insurance brokers and agents were paid $177,744 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.3% of premiums. That is $447 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 7.9% from $164,789 in 2023.