Hawaiian Electric Company, Inc.benefits

Hawaiian Electric Company, Inc.'s benefits plans covered 2,547 active participants in 2024, providing health · life · dental · vision. Insurance premiums totaled $473,499. Insurance brokers and agents were paid $95,938 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 20.3% of premiums. That is $38 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 3.0% from $98,914 in 2023.