Encore Electric, Inc.benefits

Encore Electric, Inc.'s benefits plans covered 1,138 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $468,456. Insurance brokers and agents were paid $75,280 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 16.1% of premiums. That is $66 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 4.2% from $78,612 in 2023.