Otto Engineering, Inc.benefits

Otto Engineering, Inc.'s benefits plans covered 518 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $7,555,021. Insurance brokers and agents were paid $143,958 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.9% of premiums. That is $278 per covered person, above the median for employer plans that report broker pay. Broker pay fell 25% from $191,203 in 2023.