Group Insurance Plan of the Kendal Corporation · NEWARK, DE · plan year 2024
Broker compensation reported · 2024
$300,001
The Kendal Corporation's benefits plans covered 1,496 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,438,818. Insurance brokers and agents were paid $300,001 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 20.9% of premiums. That is $201 per covered person, above the median for employer plans that report broker pay. Broker pay fell 16% from $356,843 in 2023.