Porzio, Bromberg & Newman, P.C.benefits
Porzio Bromberg & Newman PC Health & Life Insurance Plan · MORRISTOWN, NJ · plan year 2024
Porzio, Bromberg & Newman, P.C.'s benefits plans covered 305 active participants in 2024, providing health · life · dental · vision. Insurance premiums totaled $176,812. Insurance brokers and agents were paid $139,743 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 79.0% of premiums. That is $458 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 6.2% from $149,018 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 222005150 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.