Murphco of Floridabenefits

Murphco of Florida's benefits plans covered 134 active participants in 2024, providing health · life · dental · vision · death benefits. Insurance premiums totaled $840,388. Insurance brokers and agents were paid $39,948 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.8% of premiums. That is $298 per covered person, above the median for employer plans that report broker pay. Broker pay fell 1.7% from $40,646 in 2023.