Professional Electric Products Co.benefits

Professional Electric Products Co.'s benefits plan covered 248 active participants in 2023, providing health. Insurance premiums totaled $1,184,746. Insurance brokers and agents were paid $140,576 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 11.9% of premiums. That is $567 per covered person, in the top quarter of employer plans that report broker pay.