Iwis Mechatronics, Inc.benefits

Iwis Mechatronics, Inc.'s benefits plans covered 131 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $88,526. Insurance brokers and agents were paid $135,375 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 152.9% of premiums. That is $1,033 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 82% from $74,251 in 2023.