Penney Opco, LLCbenefits

Penney Opco, LLC's benefits plans covered 51,386 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,357,559. Insurance brokers and agents were paid $636,790 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 27.0% of premiums. That is $12 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 92% from $332,262 in 2023.