Ocean Atlantic Companiesbenefits

Ocean Atlantic Companies's benefits plans covered 269 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $24,230. Insurance brokers and agents were paid $29,044 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 119.9% of premiums. That is $108 per covered person, below the median for employer plans that report broker pay. Brokers were paid 3.9x the $7,412 reported for 2023.