Ferrum Collegebenefits

Ferrum College's benefits plans covered 192 active participants in 2025, providing long-term disability. Insurance premiums totaled $32,570. Insurance brokers and agents were paid $6,358 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 19.5% of premiums. That is $33 per covered person, in the bottom quarter of employer plans that report broker pay. Brokers were paid 6.2x the $1,024 reported for 2024.