Profarm Group, Inc.benefits

Profarm Group, Inc.'s benefits plans covered 120 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $268,895. Insurance brokers and agents were paid $176,204 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 65.5% of premiums. That is $1,468 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 5.7% from $166,734 in 2023.