Coherent Corp.benefits

Coherent Corp.'s benefits plans covered 4,220 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $546,740. Insurance brokers and agents were paid $342,884 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 62.7% of premiums. That is $81 per covered person, below the median for employer plans that report broker pay. Broker pay rose 91% from $179,983 in 2023.