Industrial Economicsbenefits

Industrial Economics's benefits plans covered 148 active participants in 2024, providing health · life · dental · long-term disability · other. Insurance premiums totaled $1,887,578. Insurance brokers and agents were paid $54,556 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.9% of premiums. That is $369 per covered person, above the median for employer plans that report broker pay. Broker pay fell 39% from $90,050 in 2023.