Gaylor Electric, Inc.benefits

Gaylor Electric, Inc.'s benefits plans covered 1,845 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $966,230. Insurance brokers and agents were paid $388,462 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 40.2% of premiums. That is $211 per covered person, above the median for employer plans that report broker pay. Brokers were paid 5.6x the $69,660 reported for 2023.