Otis Worldwide Corporationbenefits

Otis Worldwide Corporation's benefits plans covered 3,671 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $461,474. Insurance brokers and agents were paid $4,241 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.9% of premiums. That is $1 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 21% from $5,388 in 2023.