Essex Property Trust, Inc.benefits

Essex Property Trust, Inc.'s benefits plans covered 1,658 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $7,940,359. Insurance brokers and agents were paid $380,858 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.8% of premiums. That is $230 per covered person, above the median for employer plans that report broker pay. Broker pay fell 35% from $583,066 in 2023.