Balch & Bingham LLPbenefits

Balch & Bingham LLP's benefits plans covered 354 active participants in 2024, providing life. Insurance premiums totaled $4,780,101. Insurance brokers and agents were paid $138,750 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.9% of premiums. That is $392 per covered person, above the median for employer plans that report broker pay. Broker pay fell 15% from $162,947 in 2023.