Forrest T. Jones & Co., Inc. Welfare Benefit Planbenefits

Forrest T. Jones & Co., Inc. Welfare Benefit Plan's benefits plans covered 300 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $841,724. Insurance brokers and agents were paid $4,980 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.6% of premiums. That is $17 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 56% from $11,377 in 2023.