Carpenter Technology Corporationbenefits

Carpenter Technology Corporation's benefits plans covered 3,766 active participants in 2024, providing health · life · dental · vision · short-term disability · other. Insurance premiums totaled $2,671,810. Insurance brokers and agents were paid $54,300 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.0% of premiums. That is $14 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 1.4% from $55,070 in 2023.