2007 Best Practices Study
Agencies with Revenues between $5,000,000 and $10,000,000
 
   
 

 

Benefits Provided to Employees (% Responding to 1/2/3/4)
  1 2 3 4
Benefits Provided to Employees
Accident & Health Insurance (Employee)
43.3% 56.7% 0.0% 0.0%
If answer is 2, $ amount pd/mo. by employee $148  
Accident & Health Insurance (Dependent) 3.3% 53.3% 40.0% 3.3%
If answer is 2, $ amount pd/mo. by employee $305  
Dental Coverage 23.3% 26.7% 36.7% 13.3%
Group Life Insurance 76.7% 3.3% 13.3% 6.7%
Long Term Disability 60.0% 16.7% 16.7% 6.7%
Short Term Disability 36.7% 3.3% 40.0% 20.0%
Pension Plan 6.9% 3.4% 0.0% 89.7%
Profit Sharing 37.9% 3.4% 0.0% 58.6%
ESOP 17.2% 0.0% 0.0% 82.8%
401 (k) 13.3% 70.0% 13.3% 3.3%
125/Cafeteria Plan 10.3% 10.3% 69.0% 10.3%
Health Savings Accounts (HSA) 0.0% 0.0% 0.0% 0.0%

1 – Fully paid by agency
2 – Partially paid by agency
3 – Fully paid by employee
4 – Benefit not provided

 

 
     
  ©2007 by the Independent Insurance Agents & Brokers of America and Reagan Consulting. All Rights Reserved.