Balchem Corporationbenefits

Balchem Corporation's benefits plans covered 854 active participants in 2024, providing health · life · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $12,536 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $15 per covered person, in the bottom quarter of employer plans that report broker pay. Brokers were paid 12.9x the $971 reported for 2023.