Fast Switch-Great Lakes LLCbenefits

Fast Switch-Great Lakes LLC's benefits plans covered 141 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $580,842. Insurance brokers and agents were paid $35,431 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 $251 per covered person, above the median for employer plans that report broker pay. Broker pay fell 24% from $46,564 in 2023.