The Herrick Corporationbenefits

The Herrick Corporation's benefits plans covered 316 active participants in 2025, providing health · life · dental · short-term disability · long-term disability · death benefits. Insurance premiums totaled $931,001. Insurance brokers and agents were paid $131,125 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 14.1% of premiums. That is $415 per covered person, above the median for employer plans that report broker pay. Broker pay rose 8.5% from $120,865 in 2024.