Benchmark Electronics, Inc.benefits

Benchmark Electronics, Inc.'s benefits plans covered 2,882 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,443,665. Insurance brokers and agents were paid $322,807 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 22.4% of premiums. That is $112 per covered person, below the median for employer plans that report broker pay. Broker pay rose 58% from $203,816 in 2023.