The Hanover Research Council, LLCbenefits

The Hanover Research Council, LLC's benefits plans covered 378 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $142,721. Insurance brokers and agents were paid $287,162 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 201.2% of premiums. That is $760 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 3.9% from $298,763 in 2023.