The J.M. Smucker Companybenefits

The J.M. Smucker Company's benefits plans covered 5,982 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $68,670. Insurance brokers and agents were paid $196,263 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 285.8% of premiums. That is $33 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 10% from $177,933 in 2023.