American Equipment Company, Inc.benefits

American Equipment Company, Inc.'s benefits plans covered 311 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $4,313,591. Insurance brokers and agents were paid $241,939 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.6% of premiums. That is $778 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 8.1% from $223,769 in 2023.