Principle Choice Solutions, LLCbenefits

Principle Choice Solutions, LLC's benefits plans covered 673 active participants in 2024, providing health · dental · vision · life · death benefits · short-term disability · long-term disability · other. Insurance premiums totaled $2,927,796. Insurance brokers and agents were paid $196,161 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.7% of premiums. That is $291 per covered person, above the median for employer plans that report broker pay. Broker pay rose 51% from $129,668 in 2023.