Lifetime Brands, Inc.benefits

Lifetime Brands, Inc.'s benefits plans covered 941 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $324,880. Insurance brokers and agents were paid $83,004 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 25.5% of premiums. That is $88 per covered person, below the median for employer plans that report broker pay. Broker pay fell 23% from $107,595 in 2023.