Iridium Satellite LLCbenefits

Iridium Satellite LLC's benefits plans covered 810 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $735,835. Insurance brokers and agents were paid $134,095 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 18.2% of premiums. That is $166 per covered person, below the median for employer plans that report broker pay. Brokers were paid 212.8x the $630 reported for 2023.