Franklin Service Inc.benefits

Franklin Service Inc.'s benefits plans covered 50 active participants in 2024, providing health · life · dental · vision · long-term disability. Insurance premiums totaled $302,338. Insurance brokers and agents were paid $16,839 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.6% of premiums. That is $337 per covered person, above the median for employer plans that report broker pay. Broker pay fell 38% from $27,211 in 2023.