Newbury Management Companybenefits

Newbury Management Company's benefits plans covered 149 active participants in 2024, providing life · dental · vision. Insurance premiums totaled $15,051. Insurance brokers and agents were paid $1,802 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 12.0% of premiums. That is $12 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 67% from $5,495 in 2023.