Kls Martin, LPbenefits

Kls Martin, LP's benefits plans covered 799 active participants in 2024, providing health · life · dental · vision · long-term disability · short-term disability. Insurance premiums totaled $412,000. Insurance brokers and agents were paid $143,630 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 34.9% of premiums. That is $180 per covered person, below the median for employer plans that report broker pay. Broker pay fell 56% from $330,110 in 2023.