Harvey Tool Company, LLCbenefits

Harvey Tool Company, LLC's benefits plans covered 564 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $5,115,265. Insurance brokers and agents were paid $190,061 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.7% of premiums. That is $337 per covered person, above the median for employer plans that report broker pay. Broker pay rose 24% from $153,865 in 2023.