Sumitomo Pharma America, Inc.benefits

Sumitomo Pharma America, Inc.'s benefits plans covered 1,128 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $419,565. Insurance brokers and agents were paid $225,112 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 53.7% of premiums. That is $200 per covered person, above the median for employer plans that report broker pay. Broker pay rose 170% from $83,428 in 2023.