Borgwarner Inc.benefits

Borgwarner Inc.'s benefits plans covered 5,612 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $56,016. Insurance brokers and agents were paid $388,744 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 694.0% of premiums. That is $69 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 40% from $645,279 in 2023.