Terra Contractingbenefits

Terra Contracting's benefits plan covered 123 active participants in 2023, providing life. Insurance premiums totaled $72,412. Insurance brokers and agents were paid $5,524 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.6% of premiums. That is $45 per covered person, in the bottom quarter of employer plans that report broker pay.