Powell's Books, Inc. Health Benefit Planbenefits

Powell's Books, Inc. Health Benefit Plan's benefits plans covered 231 active participants in 2024, providing health · life · short-term disability · long-term disability · death benefits. Insurance premiums totaled $422,668. Insurance brokers and agents were paid $6,713 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.6% of premiums. That is $29 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 0.7% from $6,666 in 2023.