The Home Depot Group Benefits Plan · ATLANTA, GA · plan year 2024
Broker compensation reported · 2024
$5,395,372
Home Depot USA, Inc.'s benefits plans covered 417,425 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $18,016,052. Insurance brokers and agents were paid $5,395,372 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 29.9% of premiums. That is $13 per covered person, in the bottom quarter of employer plans that report broker pay. Brokers were paid 3.2x the $1,709,063 reported for 2023.