Gibbs & Soell, Inc.benefits

Gibbs & Soell, Inc.'s benefits plans covered 169 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,675,528. Insurance brokers and agents were paid $126,427 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.5% of premiums. That is $748 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 27% from $99,539 in 2023.