Madison Apartment Group, L.P.benefits

Madison Apartment Group, L.P.'s benefits plans covered 116 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,738,782. Insurance brokers and agents were paid $54,970 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.2% of premiums. That is $474 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 4.8x the $11,348 reported for 2023.