McCarter & English, LLPbenefits

McCarter & English, LLP's benefits plans covered 742 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,590,652. Insurance brokers and agents were paid $210,875 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 13.3% of premiums. That is $284 per covered person, above the median for employer plans that report broker pay. Broker pay rose 29% from $162,868 in 2023.