Protective Industrial Products, Inc.benefits

Protective Industrial Products, Inc.'s benefits plans covered 979 active participants in 2024, providing life. Insurance premiums totaled $536,952. Insurance brokers and agents were paid $255,121 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 47.5% of premiums. That is $261 per covered person, above the median for employer plans that report broker pay. Broker pay rose 44% from $177,563 in 2023.