Fiberoptics Technology, Inc.benefits

Fiberoptics Technology, Inc.'s benefits plans covered 156 active participants in 2024, providing health · life · dental · vision · long-term disability · short-term disability. Insurance premiums totaled $751,247. Insurance brokers and agents were paid $23,982 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.2% of premiums. That is $154 per covered person, below the median for employer plans that report broker pay. Broker pay fell 31% from $34,945 in 2023.