Phoenix Contact Development and Manufacturing, Inc.benefits

Phoenix Contact Development and Manufacturing, Inc.'s benefits plans covered 1,121 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $88,213. Insurance brokers and agents were paid $181,610 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 205.9% of premiums. That is $162 per covered person, below the median for employer plans that report broker pay. Broker pay rose 2.5% from $177,184 in 2023.