Pennco Institutes, Inc.benefits

Pennco Institutes, Inc.'s benefits plans covered 153 active participants in 2025, providing health · life · dental · short-term disability · long-term disability · other. Insurance premiums totaled $1,058,681. Insurance brokers and agents were paid $80,258 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.6% of premiums. That is $525 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 4.3x the $18,713 reported for 2024.