Kennametal Inc.benefits

Kennametal Inc.'s benefits plans covered 2,694 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $1,601,237. Insurance brokers and agents were paid $1,512,205 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 94.4% of premiums. That is $561 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 0.5% from $1,504,654 in 2023.