Bancroft Implement, Inc.benefits

Bancroft Implement, Inc.'s benefits plans covered 118 active participants in 2024, providing health · life · dental · vision · short-term disability. Insurance premiums totaled $1,539,311. Insurance brokers and agents were paid $79,882 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.2% of premiums. That is $677 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 5.0x the $15,828 reported for 2023.