Oleco, Inc.benefits

Oleco, Inc.'s benefits plans covered 137 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $47,994. Insurance brokers and agents were paid $28,259 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 58.9% of premiums. That is $206 per covered person, above the median for employer plans that report broker pay. Broker pay rose 173% from $10,358 in 2023.