Craneworks, Inc.benefits
Craneworks, Inc. Health & Welfare Plan · BIRMINGHAM, AL · plan year 2025
Previously filed as Craneworks,Inc., Craneworks, Inc. Same employer identification number; renames and acquisitions are why old benefits and 401(k) accounts get lost.
Craneworks, Inc.'s benefits plans covered 240 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,118,870. Insurance brokers and agents were paid $189,178 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.9% of premiums. That is $788 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 1.3% from $191,756 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 630947302 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.