Newberry Collegebenefits

Newberry College's benefits plan covered 197 active participants in 2023, providing health · life · dental · long-term disability · other. Insurance premiums totaled $2,073,074. Insurance brokers and agents were paid $91,728 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.4% of premiums. That is $466 per covered person, in the top quarter of employer plans that report broker pay.