K and B Industriesbenefits

K and B Industries's benefits plans covered 585 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $29,708. Insurance brokers and agents were paid $123,636 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 416.2% of premiums. That is $211 per covered person, above the median for employer plans that report broker pay. Broker pay rose 42% from $87,107 in 2023.