Owen Electric Company, Inc.benefits

Owen Electric Company, Inc.'s benefits plans covered 184 active participants in 2024, providing life · death benefits. Insurance premiums totaled $1,726,758. Insurance brokers and agents were paid $112,961 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.5% of premiums. That is $614 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 9.6% from $103,036 in 2023.