Loomis Institutebenefits

Loomis Institute's benefits plans covered 297 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $98,795. Insurance brokers and agents were paid $10,669 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.8% of premiums. That is $36 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 26% from $14,481 in 2023.