Highstreet Insurance Partners, Inc.benefits
Highstreet Insurance Partners, Inc. Cafeteria Benefit Plan · TRAVERSE CITY, MI · plan year 2024
Highstreet Insurance Partners, Inc.'s benefits plans covered 3,571 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,146,348. Insurance brokers and agents were paid $737,824 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 64.4% of premiums. That is $207 per covered person, above the median for employer plans that report broker pay. Broker pay rose 30% from $566,110 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 830860475 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.