Galco Industrial Electronics, Inc.benefits

Galco Industrial Electronics, Inc.'s benefits plans covered 214 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,292,625. Insurance brokers and agents were paid $134,858 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.9% of premiums. That is $630 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 1.4% from $133,011 in 2024.