3 Phase Elevator Corporationbenefits

3 Phase Elevator Corporation's benefits plans covered 199 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,463,937. Insurance brokers and agents were paid $89,267 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.6% of premiums. That is $449 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 10% from $99,561 in 2023.