Public Financial Managementbenefits

Public Financial Management's benefits plan covered 336 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $270,631. Insurance brokers and agents were paid $52,048 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 19.2% of premiums. That is $155 per covered person, below the median for employer plans that report broker pay.