Gep Administrative Services, LLCbenefits

Gep Administrative Services, LLC's benefits plans covered 856 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $558,665. Insurance brokers and agents were paid $517,922 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 92.7% of premiums. That is $605 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 32% from $391,747 in 2023.