Bg Products, Inc.benefits

Bg Products, Inc.'s benefits plans covered 612 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $468,196. Insurance brokers and agents were paid $182,100 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 38.9% of premiums. That is $298 per covered person, above the median for employer plans that report broker pay. Broker pay rose 40% from $130,209 in 2023.