Wharton-Smith, Inc.benefits

Wharton-Smith, Inc.'s benefits plans covered 746 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,057,647. Insurance brokers and agents were paid $199,967 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 18.9% of premiums. That is $268 per covered person, above the median for employer plans that report broker pay. Broker pay rose 11% from $180,735 in 2023.