International Business Machines Corporationbenefits

International Business Machines Corporation's benefits plans covered 216,044 active participants in 2024, providing health · death benefits · other. Insurance premiums totaled $49,083,623. Insurance brokers and agents were paid $838,515 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.7% of premiums. That is $4 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 21% from $1,066,584 in 2023.