Hermanson Company, LLPbenefits

Hermanson Company, LLP's benefits plans covered 227 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $23,103. Insurance brokers and agents were paid $36,323 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 157.2% of premiums. That is $160 per covered person, below the median for employer plans that report broker pay. Broker pay rose 5.7% from $34,374 in 2023.