Rhodes Collegebenefits

Rhodes College's benefits plans covered 491 active participants in 2024, providing life. Insurance premiums totaled $408,778. Insurance brokers and agents were paid $37,457 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 9.2% of premiums. That is $76 per covered person, below the median for employer plans that report broker pay. Broker pay fell 38% from $60,319 in 2023.