Hermetic Switch, Inc.benefits

Hermetic Switch, Inc.'s benefits plans covered 153 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $133,291. Insurance brokers and agents were paid $21,023 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 15.8% of premiums. That is $137 per covered person, below the median for employer plans that report broker pay. Broker pay rose 1.9% from $20,634 in 2023.