Altek Electronics, Inc.benefits

Altek Electronics, Inc.'s benefits plans covered 189 active participants in 2024, providing health · life · dental · vision · death benefits. Insurance premiums totaled $126,547. Insurance brokers and agents were paid $71,773 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 56.7% of premiums. That is $380 per covered person, above the median for employer plans that report broker pay. Broker pay rose 8.2% from $66,320 in 2023.