Lloyd & McDaniel, PLCbenefits

Lloyd & McDaniel, PLC's benefits plans covered 124 active participants in 2024, providing health. Insurance premiums totaled $197,523. Insurance brokers and agents were paid $23,615 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 12.0% of premiums. That is $190 per covered person, above the median for employer plans that report broker pay. Broker pay rose 30% from $18,194 in 2023.