Loc Performance Products, Inc.benefits

Loc Performance Products, Inc.'s benefits plans covered 1,053 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $771,008. Insurance brokers and agents were paid $221,366 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 28.7% of premiums. That is $210 per covered person, above the median for employer plans that report broker pay. Broker pay fell 28% from $305,436 in 2023.