The Phia Group, LLCbenefits

The Phia Group, LLC's benefits plans covered 371 active participants in 2024, providing health. Insurance premiums totaled $312,156. Insurance brokers and agents were paid $149,445 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 47.9% of premiums. That is $403 per covered person, above the median for employer plans that report broker pay. Broker pay rose 23% from $121,918 in 2023.