Hensel Phelps Construction Cobenefits

Hensel Phelps Construction Co's benefits plans covered 4,395 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $1,698,216. Insurance brokers and agents were paid $249,867 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 14.7% of premiums. That is $57 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 26% from $339,029 in 2023.