Avantor Funding Inc.benefits

Avantor Funding Inc.'s benefits plans covered 5,375 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $875,120. Insurance brokers and agents were paid $267,515 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 30.6% of premiums. That is $50 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 15% from $231,851 in 2023.