Hengestone Holdings, Inc.benefits

Hengestone Holdings, Inc.'s benefits plans covered 480 active participants in 2023, providing life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $714,828. Insurance brokers and agents were paid $204,184 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 28.6% of premiums. That is $425 per covered person, above the median for employer plans that report broker pay.