The Wells Group, LLCbenefits

The Wells Group, LLC's benefits plans covered 327 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $285,139. Insurance brokers and agents were paid $22,765 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.0% of premiums. That is $70 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 5.9% from $21,499 in 2023.