Nagel Precision, Inc.benefits

Nagel Precision, Inc.'s benefits plan covered 112 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $1,609,316. Insurance brokers and agents were paid $103,153 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.4% of premiums. That is $921 per covered person, in the top 10% of employer plans that report broker pay.