Gulf Island Fabrication, Inc.benefits

Gulf Island Fabrication, Inc.'s benefits plans covered 487 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $385,552. Insurance brokers and agents were paid $229,410 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 59.5% of premiums. That is $471 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 12% from $204,414 in 2023.