Greenwood Industries, Inc.benefits

Greenwood Industries, Inc.'s benefits plans covered 160 active participants in 2024, providing health · life · dental · short-term disability · long-term disability · vision. Insurance premiums totaled $2,241,242. Insurance brokers and agents were paid $59,263 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.6% of premiums. That is $370 per covered person, above the median for employer plans that report broker pay. Broker pay rose 14% from $52,007 in 2023.