Astec Industries, Inc.benefits

Astec Industries, Inc.'s benefits plans covered 2,756 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,171,582. Insurance brokers and agents were paid $598,193 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 27.5% of premiums. That is $217 per covered person, above the median for employer plans that report broker pay. Broker pay rose 12% from $535,070 in 2023.