Koontz Electric Company, Inc.benefits

Koontz Electric Company, Inc.'s benefits plans covered 132 active participants in 2024, providing health · dental · life · vision · long-term disability · other. Insurance premiums totaled $1,733,533. Insurance brokers and agents were paid $257,217 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 14.8% of premiums. That is $1,949 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 195% from $87,101 in 2023.