Grossenburg Implement, Inc.benefits

Grossenburg Implement, Inc.'s benefits plans covered 263 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits. Insurance premiums totaled $2,658,412. Insurance brokers and agents were paid $72,413 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.7% of premiums. That is $275 per covered person, above the median for employer plans that report broker pay. Broker pay rose 3.1% from $70,230 in 2023.