Farrar Corporationbenefits

Farrar Corporation's benefits plans covered 107 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $790,117. Insurance brokers and agents were paid $26,174 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.3% of premiums. That is $245 per covered person, above the median for employer plans that report broker pay. Broker pay fell 7.2% from $28,200 in 2023.