Priority Wire & Cable, Inc.benefits

Priority Wire & Cable, Inc.'s benefits plans covered 821 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $279,197. Insurance brokers and agents were paid $159,494 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 57.1% of premiums. That is $194 per covered person, above the median for employer plans that report broker pay. Broker pay rose 4.3% from $152,990 in 2023.