Gresham Smithbenefits

Gresham Smith's benefits plans covered 1,158 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $636,714. Insurance brokers and agents were paid $244,006 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 38.3% of premiums. That is $211 per covered person, above the median for employer plans that report broker pay. Broker pay fell 60% from $606,978 in 2023.