Cherry Central Cooperative, Inc.benefits

Cherry Central Cooperative, Inc.'s benefits plan covered 127 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,009,442. Insurance brokers and agents were paid $68,307 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.4% of premiums. That is $538 per covered person, in the top quarter of employer plans that report broker pay.