Spencer Fane LLPbenefits

Spencer Fane LLP's benefits plans covered 1,050 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $11,676,950. Insurance brokers and agents were paid $362,256 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.1% of premiums. That is $345 per covered person, above the median for employer plans that report broker pay. Broker pay rose 47% from $245,638 in 2023.