Laurel Machine & Foundry Companybenefits

Laurel Machine & Foundry Company's benefits plans covered 97 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $595,456. Insurance brokers and agents were paid $43,514 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 7.3% of premiums. That is $449 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 17% from $52,646 in 2023.