Summitmedia, LLCbenefits

Summitmedia, LLC's benefits plans covered 172 active participants in 2024, providing health · life · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,370,247. Insurance brokers and agents were paid $229,071 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 16.7% of premiums. That is $1,332 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 87% from $122,221 in 2023.