Garr Tool Companybenefits

Garr Tool Company's benefits plans covered 125 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $3,698,445. Insurance brokers and agents were paid $129,602 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.5% of premiums. That is $1,037 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 5.1x the $25,390 reported for 2024.