Prime Electric, Inc.benefits

Prime Electric, Inc.'s benefits plans covered 213 active participants in 2024, providing life · long-term disability. Insurance premiums totaled $257,570. Insurance brokers and agents were paid $9,207 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.6% of premiums. That is $43 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 11% from $8,304 in 2023.