Power Engineers, Inc Voluntary Employee Beneficiary Trustbenefits

Power Engineers, Inc Voluntary Employee Beneficiary Trust's benefits plans covered 3,331 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $4,627,025. Insurance brokers and agents were paid $1,008,583 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 21.8% of premiums. That is $303 per covered person, above the median for employer plans that report broker pay. Broker pay rose 47% from $684,512 in 2023.