Flanders Electric Motor Service LLCbenefits

Flanders Electric Motor Service LLC's benefits plans covered 504 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $292,475. Insurance brokers and agents were paid $48,598 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 16.6% of premiums. That is $96 per covered person, below the median for employer plans that report broker pay. Broker pay rose 9.4% from $44,438 in 2023.