Garmin International, Inc.benefits

Garmin International, Inc.'s benefits plans covered 6,783 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $99,314,941. Insurance brokers and agents were paid $758,283 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.8% of premiums. That is $112 per covered person, below the median for employer plans that report broker pay. Broker pay rose 11% from $683,786 in 2023.