H.I.G. Capital Management, LLCbenefits

H.I.G. Capital Management, LLC's benefits plans covered 696 active participants in 2024, providing health · life · dental · long-term disability · other. Insurance premiums totaled $350,360. Insurance brokers and agents were paid $830,531 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 237.1% of premiums. That is $1,193 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 8.4% from $765,893 in 2023.