Custom Woods Products, Inc.benefits

Custom Woods Products, Inc.'s benefits plans covered 359 active participants in 2023, providing health · dental · short-term disability · life. Insurance premiums totaled $2,076,165. Insurance brokers and agents were paid $92,980 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.5% of premiums. That is $259 per covered person, above the median for employer plans that report broker pay.