Classic Residence Management Limited Partnership VIbenefits

Classic Residence Management Limited Partnership VI's benefits plans covered 2,347 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $152,270. Insurance brokers and agents were paid $149,695 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 98.3% of premiums. That is $64 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 1.5% from $151,980 in 2023.