Cooperative Elevator Co.benefits

Cooperative Elevator Co.'s benefits plans covered 280 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other · death benefits. Insurance premiums totaled $102,780. Insurance brokers and agents were paid $24,299 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 23.6% of premiums. That is $87 per covered person, below the median for employer plans that report broker pay. Broker pay rose 5.3% from $23,080 in 2023.