Lafayette Engineering, Inc.benefits

Lafayette Engineering, Inc.'s benefits plans covered 142 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $136,666. Insurance brokers and agents were paid $22,339 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 16.3% of premiums. That is $157 per covered person, below the median for employer plans that report broker pay. Broker pay rose 119% from $10,182 in 2023.