Hilite Industries, Inc.benefits

Hilite Industries, Inc.'s benefits plans covered 232 active participants in 2024, providing health · life · dental · long-term disability · death benefits · other. Insurance premiums totaled $166,726. Insurance brokers and agents were paid $41,695 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 25.0% of premiums. That is $180 per covered person, below the median for employer plans that report broker pay. Broker pay fell 3.2% from $43,066 in 2023.