Hank's Furniture, Inc.benefits

Hank's Furniture, Inc.'s benefits plans covered 89 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $926,404. Insurance brokers and agents were paid $36,888 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.0% of premiums. That is $414 per covered person, above the median for employer plans that report broker pay. Broker pay fell 30% from $52,736 in 2023.