J. Frank Schmidt & Son Co.benefits

J. Frank Schmidt & Son Co.'s benefits plans covered 337 active participants in 2025, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $94,274. Insurance brokers and agents were paid $27,849 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 29.5% of premiums. That is $83 per covered person, below the median for employer plans that report broker pay. Broker pay fell 24% from $36,488 in 2024.