O'Connell Electric Co.benefits

O'Connell Electric Co.'s benefits plan covered 179 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $1,766,147. Insurance brokers and agents were paid $92,163 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.2% of premiums. That is $515 per covered person, in the top quarter of employer plans that report broker pay.