Olivet Collegebenefits

Olivet College's benefits plans covered 171 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $1,527,911. Insurance brokers and agents were paid $132,551 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.7% of premiums. That is $775 per covered person, in the top 10% of employer plans that report broker pay. Broker pay was essentially unchanged from 2023.