L. B. Foster Companybenefits

L. B. Foster Company's benefits plans covered 558 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $383,493. Insurance brokers and agents were paid $73,163 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 19.1% of premiums. That is $131 per covered person, below the median for employer plans that report broker pay. Broker pay fell 14% from $85,226 in 2023.