Lomanco, Inc.benefits

Lomanco, Inc.'s benefits plans covered 314 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $409,622. Insurance brokers and agents were paid $27,146 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.6% of premiums. That is $86 per covered person, below the median for employer plans that report broker pay. Broker pay fell 2.0% from $27,689 in 2023.