Headco Industries, Inc.benefits

Headco Industries, Inc.'s benefits plans covered 216 active participants in 2024, providing health · life · dental · vision · death benefits. Insurance premiums totaled $21,955,184. Insurance brokers and agents were paid $674,383 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.1% of premiums. That is $3,122 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 10.4x the $64,620 reported for 2023.