Smith Seckman Reid, Inc.benefits

Smith Seckman Reid, Inc.'s benefits plans covered 505 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $372,312. Insurance brokers and agents were paid $313,682 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 84.3% of premiums. That is $621 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 25% from $251,749 in 2023.