Hydac Technology Corp.benefits

Hydac Technology Corp.'s benefits plans covered 1,344 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $649,674. Insurance brokers and agents were paid $163,584 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 25.2% of premiums. That is $122 per covered person, below the median for employer plans that report broker pay. Broker pay rose 124% from $73,125 in 2023.