Factory Connection LLCbenefits

Factory Connection LLC's benefits plans covered 265 active participants in 2024, providing life · short-term disability. Insurance premiums totaled $1,751,536. Insurance brokers and agents were paid $107,122 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.1% of premiums. That is $404 per covered person, above the median for employer plans that report broker pay. Broker pay fell 18% from $130,286 in 2023.