KPMG LLPbenefits
KPMG LLP Omnibus Health & Welfare Plan · MONTVALE, NJ · plan year 2024
KPMG LLP's benefits plans covered 36,470 active participants in 2024, providing life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,698,988. Insurance brokers and agents were paid $1,599,174 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 94.1% of premiums. That is $44 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 30% from $1,230,783 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 135565207 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.