Federated Hermes, Inc.benefits

Federated Hermes, Inc.'s benefits plans covered 1,480 active participants in 2025, providing long-term disability. Insurance premiums totaled $163,111. Insurance brokers and agents were paid $186,028 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 114.0% of premiums. That is $126 per covered person, below the median for employer plans that report broker pay. Broker pay rose 71% from $108,784 in 2024.