Insteel Industries, Inc.benefits

Insteel Industries, Inc.'s benefits plans covered 928 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $91,090. Insurance brokers and agents were paid $172,633 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 189.5% of premiums. That is $186 per covered person, below the median for employer plans that report broker pay. Broker pay rose 38% from $125,105 in 2023.