Bill Smith, Inc.benefits

Bill Smith, Inc.'s benefits plans covered 101 active participants in 2024, providing health · life · dental · vision · death benefits. Insurance premiums totaled $791,720. Insurance brokers and agents were paid $38,087 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.8% of premiums. That is $377 per covered person, above the median for employer plans that report broker pay. Broker pay fell 26% from $51,161 in 2023.