Summit Management Partners, LLCbenefits

Summit Management Partners, LLC's benefits plans covered 266 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $487,586. Insurance brokers and agents were paid $115,145 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 23.6% of premiums. That is $433 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 106% from $55,934 in 2023.