Cherry Street Services, Inc.benefits

Cherry Street Services, Inc.'s benefits plans covered 651 active participants in 2024, providing health · dental · life · long-term disability · short-term disability · other · vision. Insurance premiums totaled $419,126. Insurance brokers and agents were paid $84,709 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 20.2% of premiums. That is $130 per covered person, below the median for employer plans that report broker pay. Broker pay rose 39% from $60,974 in 2023.