Sumitomo Corporation of Americasbenefits

Sumitomo Corporation of Americas's benefits plans covered 730 active participants in 2025, providing death benefits. Insurance premiums totaled $1,036,219. Insurance brokers and agents were paid $15,747 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.5% of premiums. That is $22 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 86% from $8,468 in 2024.