Springfield Collegebenefits

Springfield College's benefits plans covered 495 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $4,806,533. Insurance brokers and agents were paid $154,799 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.2% of premiums. That is $313 per covered person, above the median for employer plans that report broker pay. Broker pay fell 0.6% from $155,736 in 2023.