Network Merchants, LLCbenefits

Network Merchants, LLC's benefits plans covered 226 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,260,921. Insurance brokers and agents were paid $185,519 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.2% of premiums. That is $821 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 8.9% from $170,355 in 2023.