Olsson Industrial Electricbenefits

Olsson Industrial Electric's benefits plans covered 323 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $452,319. Insurance brokers and agents were paid $83,384 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 18.4% of premiums. That is $258 per covered person, above the median for employer plans that report broker pay. Broker pay fell 68% from $261,157 in 2023.