Farah & Farah, P.A.benefits
Farah & Farah Welfare Benefit Plan · JACKSONVILLE, FL · plan year 2024
Farah & Farah, P.A.'s benefits plans covered 460 active participants in 2024, providing health · life · short-term disability · long-term disability · dental · vision · other. Insurance premiums totaled $3,788,085. Insurance brokers and agents were paid $202,747 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.4% of premiums. That is $441 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 28% from $158,772 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 592596163 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.