Lower Holding Companybenefits

Lower Holding Company's benefits plans covered 892 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $425,568. Insurance brokers and agents were paid $118,530 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 27.9% of premiums. That is $133 per covered person, below the median for employer plans that report broker pay. Broker pay rose 50% from $79,249 in 2023.