Espec North America, Inc.benefits

Espec North America, Inc.'s benefits plans covered 258 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $219,880. Insurance brokers and agents were paid $110,964 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 50.5% of premiums. That is $430 per covered person, in the top quarter of employer plans that report broker pay. Broker pay was essentially unchanged from 2023.