Jp Cullen and Sons, Inc.benefits

Jp Cullen and Sons, Inc.'s benefits plans covered 226 active participants in 2024, providing health · life · dental · long-term disability · death benefits. Insurance premiums totaled $169,322. Insurance brokers and agents were paid $459,914 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 271.6% of premiums. That is $2,035 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 8.8x the $52,530 reported for 2023.