Grand Rapids Chair Companybenefits

Grand Rapids Chair Company's benefits plans covered 164 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $108,000. Insurance brokers and agents were paid $10,556 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 9.8% of premiums. That is $64 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 46% from $7,221 in 2024.