Massachusetts Council of Human Service Providers, Inc.benefits
McHsp Inc. Group Insurance Trust · FRAMINGHAM, MA · plan year 2024
Massachusetts Council of Human Service Providers, Inc.'s benefits plans covered 5,558 active participants in 2024, providing life · dental · short-term disability · long-term disability. Insurance premiums totaled $2,394,796. Insurance brokers and agents were paid $178,880 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.5% of premiums. That is $32 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 8.6% from $164,775 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 042597297 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.