B/K Belting Specialties, Inc.benefits

B/K Belting Specialties, Inc.'s benefits plans covered 103 active participants in 2024, providing health · life · dental · vision · short-term disability · other. Insurance premiums totaled $80,457. Insurance brokers and agents were paid $15,273 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 19.0% of premiums. That is $148 per covered person, below the median for employer plans that report broker pay. Broker pay fell 66% from $44,742 in 2023.