Franklin Academy Foundation, Inc.benefits

Franklin Academy Foundation, Inc.'s benefits plans covered 735 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $804,898. Insurance brokers and agents were paid $281,609 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 35.0% of premiums. That is $383 per covered person, above the median for employer plans that report broker pay. Broker pay rose 4.5% from $269,581 in 2023.