The Garrett Companies LLCbenefits

The Garrett Companies LLC's benefits plans covered 320 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $165,087. Insurance brokers and agents were paid $92,010 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 55.7% of premiums. That is $288 per covered person, above the median for employer plans that report broker pay. Brokers were paid 5.2x the $17,704 reported for 2023.