Lockwood Managementbenefits

Lockwood Management's benefits plans covered 122 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $843,623. Insurance brokers and agents were paid $68,441 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.1% of premiums. That is $561 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 2.2% from $66,942 in 2023.