Farella Braun and Martel LLPbenefits

Farella Braun and Martel LLP's benefits plans covered 209 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $416,473. Insurance brokers and agents were paid $68,470 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 16.4% of premiums. That is $328 per covered person, above the median for employer plans that report broker pay. Broker pay fell 52% from $143,575 in 2023.