Belk Stores Services, LLCbenefits

Belk Stores Services, LLC's benefits plans covered 14,407 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,905,137. Insurance brokers and agents were paid $293,131 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.1% of premiums. That is $20 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 9.7% from $324,765 in 2023.