Precision Franchising, Inc.benefits

Precision Franchising, Inc.'s benefits plans covered 213 active participants in 2024, providing health · life · vision. Insurance premiums totaled $323,380. Insurance brokers and agents were paid $76,567 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 23.7% of premiums. That is $359 per covered person, above the median for employer plans that report broker pay. Broker pay fell 8.1% from $83,300 in 2023.