Cherrylake, Inc.benefits

Cherrylake, Inc.'s benefits plans covered 515 active participants in 2024, providing health · life · dental · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,589,633. Insurance brokers and agents were paid $80,805 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.1% of premiums. That is $157 per covered person, below the median for employer plans that report broker pay. Broker pay rose 16% from $69,724 in 2023.