Borrell Electric Co. , Inc.benefits

Borrell Electric Co. , Inc.'s benefits plan covered 274 active participants in 2023, providing health · life · dental · vision · short-term disability · death benefits · other. Insurance premiums totaled $1,634,148. Insurance brokers and agents were paid $100,516 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.2% of premiums. That is $367 per covered person, above the median for employer plans that report broker pay.