Efco Corpbenefits

Efco Corp's benefits plans covered 709 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $5,383,172. Insurance brokers and agents were paid $11,599 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.2% of premiums. That is $16 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 58% from $27,532 in 2023.