Prestige Administrative Services, LLCbenefits

Prestige Administrative Services, LLC's benefits plans covered 5,407 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,400,576. Insurance brokers and agents were paid $335,181 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 23.9% of premiums. That is $62 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 95% from $172,065 in 2023.