Gateway Industrial Power, Inc.benefits

Gateway Industrial Power, Inc.'s benefits plans covered 240 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $277,251. Insurance brokers and agents were paid $135,343 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 48.8% of premiums. That is $564 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 12% from $120,860 in 2024.