Bingaman & Son Lumber, Inc.benefits

Bingaman & Son Lumber, Inc.'s benefits plans covered 197 active participants in 2024, providing health · life · dental · long-term disability · other. Insurance premiums totaled $88,695. Insurance brokers and agents were paid $97,249 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 109.6% of premiums. That is $494 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 14% from $85,193 in 2023.