Arrow Electric, Inc.benefits

Arrow Electric, Inc.'s benefits plans covered 225 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $20,409. Insurance brokers and agents were paid $83,524 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 409.3% of premiums. That is $371 per covered person, above the median for employer plans that report broker pay. Broker pay rose 7.3% from $77,875 in 2023.