General Tool Companybenefits

General Tool Company's benefits plan covered 252 active participants in 2023, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $90,134. Insurance brokers and agents were paid $25,314 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 28.1% of premiums. That is $100 per covered person, below the median for employer plans that report broker pay.