Fab Employee Benefit Planbenefits

Fab Employee Benefit Plan's benefits plans covered 228 active participants in 2024, providing health · life · dental. Insurance premiums totaled $3,324,411. Insurance brokers and agents were paid $160,878 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.8% of premiums. That is $706 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 22% from $207,347 in 2023.