National Grid USA Service Company, Inc.benefits

National Grid USA Service Company, Inc.'s benefits plans covered 12,030 active participants in 2024, providing life · short-term disability · long-term disability. Insurance premiums totaled $345,712. Insurance brokers and agents were paid $1,833,651 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 530.4% of premiums. That is $152 per covered person, below the median for employer plans that report broker pay. Broker pay rose 5.9% from $1,730,799 in 2023.