Phillips Manufacturing & Tower Co., Inc.benefits

Phillips Manufacturing & Tower Co., Inc.'s benefits plans covered 193 active participants in 2024, providing life · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $51,198. Insurance brokers and agents were paid $5,132 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.0% of premiums. That is $27 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 11% from $5,784 in 2023.