Newark Academy Trusteesbenefits

Newark Academy Trustees's benefits plans covered 139 active participants in 2024, providing health. Insurance premiums totaled $170,584. Insurance brokers and agents were paid $130,782 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 76.7% of premiums. That is $941 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 27% from $179,989 in 2023.