Famous Tate Electric Companybenefits

Famous Tate Electric Company's benefits plans covered 241 active participants in 2024, providing health · life · dental · vision · death benefits. Insurance premiums totaled $1,432,782. Insurance brokers and agents were paid $80,982 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.7% of premiums. That is $336 per covered person, above the median for employer plans that report broker pay. Broker pay fell 11% from $90,567 in 2023.