Park Ohio Industries Inc.benefits

Park Ohio Industries Inc.'s benefits plans covered 2,633 active participants in 2024, providing health · dental · vision · death benefits. Insurance premiums totaled $715,338. Insurance brokers and agents were paid $152,245 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 21.3% of premiums. That is $58 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 98% from $77,046 in 2023.