Merck Sharp & Dohme LLCbenefits

Merck Sharp & Dohme LLC's benefits plans covered 30,983 active participants in 2024, providing health · dental · long-term disability. Insurance premiums totaled $11,369,823. Insurance brokers and agents were paid $402,829 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.5% of premiums. That is $13 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 15% from $349,229 in 2023.