Hupp Electric Motors, Inc.benefits

Hupp Electric Motors, Inc.'s benefits plans covered 190 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $2,470,025. Insurance brokers and agents were paid $22,792 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.9% of premiums. That is $120 per covered person, below the median for employer plans that report broker pay. Broker pay rose 7.4% from $21,214 in 2023.