Innospec (Independence Oilfield Chemicals, LLC)benefits

Innospec (Independence Oilfield Chemicals, LLC)'s benefits plans covered 751 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $9,537,880. Insurance brokers and agents were paid $508,833 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.3% of premiums. That is $678 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 32% from $385,772 in 2023.