Bailey Industries, Incbenefits

Bailey Industries, Inc's benefits plans covered 99 active participants in 2024, providing health · life · dental · vision · death benefits. Insurance premiums totaled $508,102. Insurance brokers and agents were paid $40,697 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.0% of premiums. That is $411 per covered person, above the median for employer plans that report broker pay. Brokers were paid 4.6x the $8,828 reported for 2023.