Fives, Inc.benefits

Fives, Inc.'s benefits plans covered 1,499 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $822,591. Insurance brokers and agents were paid $78,601 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 9.6% of premiums. That is $52 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 14% from $91,022 in 2023.