Precision Metal Works, Inc.benefits

Precision Metal Works, Inc.'s benefits plans covered 117 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $193,015. Insurance brokers and agents were paid $38,025 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 19.7% of premiums. That is $325 per covered person, above the median for employer plans that report broker pay. Broker pay rose 71% from $22,279 in 2023.