Borroughs Corp Employee Benefit Planbenefits

Borroughs Corp Employee Benefit Plan's benefits plan covered 123 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $427,592. Insurance brokers and agents were paid $27,399 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.4% of premiums. That is $223 per covered person, above the median for employer plans that report broker pay.