Electro Switch Corp.benefits

Electro Switch Corp.'s benefits plans covered 321 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $3,247,674. Insurance brokers and agents were paid $88,737 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.7% of premiums. That is $276 per covered person, above the median for employer plans that report broker pay. Broker pay fell 14% from $102,986 in 2023.