Phoenix Wood Products Inc.benefits

Phoenix Wood Products Inc.'s benefits plans covered 109 active participants in 2024, providing health · dental · vision. Insurance premiums totaled $1,327,928. Insurance brokers and agents were paid $85,009 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.4% of premiums. That is $780 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 49% from $57,002 in 2023.