The Northern Trust Companybenefits

The Northern Trust Company's benefits plans covered 9,715 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,192,427. Insurance brokers and agents were paid $711,414 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 59.7% of premiums. That is $73 per covered person, below the median for employer plans that report broker pay. Broker pay rose 7.6% from $661,011 in 2023.