Lyon Shipyard, Inc.benefits

Lyon Shipyard, Inc.'s benefits plans covered 293 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $203,894. Insurance brokers and agents were paid $564,565 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 276.9% of premiums. That is $1,927 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 21.1x the $26,717 reported for 2023.