New England Wire Technologies Corporationbenefits

New England Wire Technologies Corporation's benefits plans covered 403 active participants in 2024, providing health · life · short-term disability. Insurance premiums totaled $113,084. Insurance brokers and agents were paid $16,574 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 14.7% of premiums. That is $41 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 24% from $13,344 in 2023.