Bic Corporationbenefits

Bic Corporation's benefits plans covered 569 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $167,910. Insurance brokers and agents were paid $14,358 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.6% of premiums. That is $25 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 54% from $31,360 in 2023.