The Gem Group, Inc.benefits

The Gem Group, Inc.'s benefits plans covered 370 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,514,219. Insurance brokers and agents were paid $83,287 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.5% of premiums. That is $225 per covered person, above the median for employer plans that report broker pay. Broker pay fell 14% from $96,415 in 2023.