Formica Corporationbenefits

Formica Corporation's benefits plans covered 544 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $294,873. Insurance brokers and agents were paid $39,824 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 13.5% of premiums. That is $73 per covered person, below the median for employer plans that report broker pay. Broker pay fell 42% from $68,223 in 2023.