Lutron Electronics Co., Inc.benefits

Lutron Electronics Co., Inc.'s benefits plans covered 2,226 active participants in 2024, providing life · dental · vision · short-term disability · long-term disability · death benefits · health. Insurance premiums totaled $114,367. Insurance brokers and agents were paid $157,607 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 137.8% of premiums. That is $71 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 56% from $101,217 in 2023.