Sterling Management, LTD.benefits

Sterling Management, LTD.'s benefits plans covered 240 active participants in 2024, providing health. Insurance premiums totaled $196,838. Insurance brokers and agents were paid $136,223 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 69.2% of premiums. That is $568 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 5.1x the $26,888 reported for 2023.