Reynolds and Co. LLCbenefits

Reynolds and Co. LLC's benefits plans covered 177 active participants in 2024, providing vision. Insurance premiums totaled $40,361. Insurance brokers and agents were paid $8,081 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 20.0% of premiums. That is $46 per covered person, in the bottom quarter of employer plans that report broker pay. Brokers were paid 5.7x the $1,430 reported for 2023.