Severin Holdings III, LLCbenefits

Severin Holdings III, LLC's benefits plans covered 152 active participants in 2024, providing health · life · vision · short-term disability · long-term disability · other. Insurance premiums totaled $1,062,969. Insurance brokers and agents were paid $55,395 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.2% of premiums. That is $364 per covered person, above the median for employer plans that report broker pay. Broker pay rose 6.5% from $52,015 in 2023.