Brady Welding & Machine Shop, Inc.benefits

Brady Welding & Machine Shop, Inc.'s benefits plans covered 525 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $172,058. Insurance brokers and agents were paid $65,751 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 38.2% of premiums. That is $125 per covered person, below the median for employer plans that report broker pay. Broker pay fell 5.8% from $69,783 in 2023.