Gates, Hudson & Associates, Inc.benefits

Gates, Hudson & Associates, Inc.'s benefits plans covered 691 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $324,003. Insurance brokers and agents were paid $198,699 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 61.3% of premiums. That is $288 per covered person, above the median for employer plans that report broker pay. Broker pay fell 22% from $254,091 in 2023.