Sterling Jewelers Inc.benefits

Sterling Jewelers Inc.'s benefits plans covered 12,869 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $3,789,608. Insurance brokers and agents were paid $339,800 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 9.0% of premiums. That is $26 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 25% from $450,264 in 2023.