Sutphen Corporationbenefits

Sutphen Corporation's benefits plans covered 374 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $202,537. Insurance brokers and agents were paid $9,510 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.7% of premiums. That is $25 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 68% from $5,655 in 2023.