Oil Capital Electric, LLCbenefits

Oil Capital Electric, LLC's benefits plans covered 273 active participants in 2024, providing life · short-term disability · long-term disability · other. Insurance premiums totaled $178,767. Insurance brokers and agents were paid $38,934 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 21.8% of premiums. That is $143 per covered person, below the median for employer plans that report broker pay. Broker pay rose 8.5% from $35,898 in 2023.