Hi-Tech Electric Inc.benefits

Hi-Tech Electric Inc.'s benefits plans covered 172 active participants in 2024, providing health · life · dental · long-term disability. Insurance premiums totaled $646,362. Insurance brokers and agents were paid $23,298 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.6% of premiums. That is $135 per covered person, below the median for employer plans that report broker pay. Broker pay rose 31% from $17,798 in 2023.