Morphic Therapeutic Inc.benefits

Morphic Therapeutic Inc.'s benefits plan covered 122 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $1,720,256. Insurance brokers and agents were paid $46,843 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.7% of premiums. That is $384 per covered person, above the median for employer plans that report broker pay.