Hms Products Co./Hms Mfg. Co.benefits

Hms Products Co./Hms Mfg. Co.'s benefits plans covered 332 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $2,172,279. Insurance brokers and agents were paid $122,635 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.6% of premiums. That is $369 per covered person, above the median for employer plans that report broker pay. Broker pay rose 23% from $99,745 in 2023.