Big Lots, Inc.benefits

Big Lots, Inc.'s benefits plans covered 5,958 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,543,925. Insurance brokers and agents were paid $110,638 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.2% of premiums. That is $19 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 56% from $252,563 in 2023.