Fibertek, Inc.benefits

Fibertek, Inc.'s benefits plans covered 231 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $257,978. Insurance brokers and agents were paid $208,123 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 80.7% of premiums. That is $901 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 9.9% from $189,404 in 2023.