Ngk-Locke, Inc. Section 125 Planbenefits

Ngk-Locke, Inc. Section 125 Plan's benefits plan covered 122 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $248,151. Insurance brokers and agents were paid $411,100 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 165.7% of premiums. That is $3,370 per covered person, in the top 10% of employer plans that report broker pay.