Ellis Porter, PLCbenefits
Ellis Porter PLC Ancillary · TROY, MI · plan year 2024
Ellis Porter, PLC's benefits plans covered 310 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,681,698. Insurance brokers and agents were paid $149,125 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.9% of premiums. That is $481 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 38% from $108,137 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 710972501 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.