Irving Materials, Inc.benefits

Irving Materials, Inc.'s benefits plans covered 2,352 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $3,177,220. Insurance brokers and agents were paid $463,855 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 14.6% of premiums. That is $197 per covered person, above the median for employer plans that report broker pay. Broker pay fell 42% from $802,797 in 2023.