Pr Shipping Associationbenefits

Pr Shipping Association's benefits plans covered 738 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance premiums totaled $2,306,714. Insurance brokers and agents were paid $3,323,450 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 144.1% of premiums. That is $4,503 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 27% from $2,623,828 in 2023.