Tower Loan of Mississippi, LLCbenefits

Tower Loan of Mississippi, LLC's benefits plans covered 466 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $573,612. Insurance brokers and agents were paid $122,305 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 21.3% of premiums. That is $262 per covered person, above the median for employer plans that report broker pay. Broker pay fell 24% from $161,705 in 2023.