American Torch Tip Companybenefits

American Torch Tip Company's benefits plans covered 126 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $967,682. Insurance brokers and agents were paid $46,340 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 $368 per covered person, above the median for employer plans that report broker pay. Broker pay fell 14% from $53,820 in 2023.