Babcock Center Inc.benefits

Babcock Center Inc.'s benefits plans covered 328 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $3,560,214. Insurance brokers and agents were paid $144,872 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.1% of premiums. That is $442 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 34% from $108,367 in 2023.