Beard Equipment Company, Inc.benefits

Beard Equipment Company, Inc.'s benefits plans covered 481 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $3,613,140. Insurance brokers and agents were paid $224,722 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.2% of premiums. That is $467 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 140% from $93,466 in 2023.