Gerelco Electrical Contractors Inc.benefits

Gerelco Electrical Contractors Inc.'s benefits plans covered 235 active participants in 2024, providing health · life · dental · vision · death benefits. Insurance premiums totaled $1,207,611. Insurance brokers and agents were paid $166,568 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 13.8% of premiums. That is $709 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 52% from $109,813 in 2023.