Carter Ledyard & Milburn LLP Welfare Benefits Planbenefits

Carter Ledyard & Milburn LLP Welfare Benefits Plan's benefits plans covered 125 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · short-term disability. Insurance premiums totaled $1,847,445. Insurance brokers and agents were paid $361,505 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 19.6% of premiums. That is $2,892 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 6.2x the $58,768 reported for 2023.