Border States Industries Inc.benefits

Border States Industries Inc.'s benefits plans covered 3,353 active participants in 2024, providing long-term disability. Insurance premiums totaled $2,122,699. Insurance brokers and agents were paid $119,969 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.7% of premiums. That is $36 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 70% from $399,612 in 2023.