J. Derenzo Co.benefits

J. Derenzo Co.'s benefits plan covered 97 active participants in 2023, providing health · life · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,405,103. Insurance brokers and agents were paid $46,712 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.9% of premiums. That is $482 per covered person, in the top quarter of employer plans that report broker pay.