Broadcast Music, Inc.benefits

Broadcast Music, Inc.'s benefits plans covered 615 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $5,788,524. Insurance brokers and agents were paid $147,552 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.5% of premiums. That is $240 per covered person, above the median for employer plans that report broker pay. Broker pay rose 9.3% from $134,936 in 2023.