Friends Universitybenefits

Friends University's benefits plans covered 351 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,645,271. Insurance brokers and agents were paid $96,089 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.8% of premiums. That is $274 per covered person, above the median for employer plans that report broker pay. Broker pay fell 9.2% from $105,811 in 2023.