Newage Industries, Inc.benefits

Newage Industries, Inc.'s benefits plans covered 243 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $1,874,552. Insurance brokers and agents were paid $191,360 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.2% of premiums. That is $787 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 37% from $139,784 in 2023.