Ermco Inc.benefits

Ermco Inc.'s benefits plans covered 136 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $77,048. Insurance brokers and agents were paid $32,470 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 42.1% of premiums. That is $239 per covered person, above the median for employer plans that report broker pay. Broker pay rose 11% from $29,357 in 2023.