Electro-Mechanical Products, Inc.benefits

Electro-Mechanical Products, Inc.'s benefits plan covered 145 active participants in 2023, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $113,371. Insurance brokers and agents were paid $57,593 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 50.8% of premiums. That is $397 per covered person, above the median for employer plans that report broker pay.