James Marine, Inc.benefits

James Marine, Inc.'s benefits plans covered 737 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $573,560. Insurance brokers and agents were paid $358,954 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 62.6% of premiums. That is $487 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 8.8% from $393,700 in 2023.