Franco Manufacturing Co., Inc.benefits

Franco Manufacturing Co., Inc.'s benefits plans covered 177 active participants in 2024, providing health · life · dental · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,857,001. Insurance brokers and agents were paid $16,971 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.9% of premiums. That is $96 per covered person, below the median for employer plans that report broker pay. Broker pay fell 74% from $64,164 in 2023.