First Electric Cooperative Corporationbenefits

First Electric Cooperative Corporation's benefits plans covered 254 active participants in 2024, providing health · dental · vision. Insurance premiums totaled $832,242. Insurance brokers and agents were paid $44,041 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.3% of premiums. That is $173 per covered person, below the median for employer plans that report broker pay. Broker pay fell 58% from $104,733 in 2023.