Adco Manufacturingbenefits

Adco Manufacturing's benefits plans covered 153 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $1,942,225. Insurance brokers and agents were paid $93,965 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.8% of premiums. That is $614 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 7.1% from $87,773 in 2023.