Independence Excavating, Inc.benefits
Independence Excavating Inc. Employee Benefits Plan · BRECKSVILLE, OH · plan year 2025
Independence Excavating, Inc.'s benefits plans covered 520 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $38,859. Insurance brokers and agents were paid $117,098 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 301.3% of premiums. That is $225 per covered person, above the median for employer plans that report broker pay. Broker pay rose 118% from $53,752 in 2024.
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 340938274 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.