Formerra, LLCbenefits

Formerra, LLC's benefits plans covered 208 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $159,663. Insurance brokers and agents were paid $184,092 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 115.3% of premiums. That is $885 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 3.1% from $178,562 in 2023.