Floracraft, Inc.benefits
Floracraft, Inc. Group Insurance Plan · LUDINGTON, MI · plan year 2025
Floracraft, Inc.'s benefits plans covered 227 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $120,428. Insurance brokers and agents were paid $29,212 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 24.3% of premiums. That is $129 per covered person, below the median for employer plans that report broker pay. Broker pay rose 13% from $25,784 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 381447914 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.