Bel Fuse Inc.benefits

Bel Fuse Inc.'s benefits plans covered 784 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $473,542. Insurance brokers and agents were paid $132,034 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 27.9% of premiums. That is $168 per covered person, below the median for employer plans that report broker pay. Broker pay rose 113% from $62,126 in 2023.