McGinnis Lochridge, LLPbenefits

McGinnis Lochridge, LLP's benefits plans covered 128 active participants in 2025, providing long-term disability. Insurance premiums totaled $164,946. Insurance brokers and agents were paid $2,203 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.3% of premiums. That is $17 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 60% from $5,469 in 2024.