Schmidt Family of Companiesbenefits

Schmidt Family of Companies's benefits plans covered 120 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits. Insurance premiums totaled $1,482,646. Insurance brokers and agents were paid $10,382 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.7% of premiums. That is $87 per covered person, below the median for employer plans that report broker pay. Broker pay fell 81% from $55,314 in 2023.