Baker Motor Company of Charleston, Inc.benefits

Baker Motor Company of Charleston, Inc.'s benefits plans covered 377 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,226,981. Insurance brokers and agents were paid $113,677 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 9.3% of premiums. That is $302 per covered person, above the median for employer plans that report broker pay. Broker pay rose 7.9% from $105,308 in 2023.