Houghton Universitybenefits

Houghton University's benefits plans covered 117 active participants in 2024, providing health. Insurance premiums totaled $1,564,072. Insurance brokers and agents were paid $7,138,511 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 456.4% of premiums. That is $61,013 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 125.4x the $56,928 reported for 2023.