Provident Electric, Inc.benefits

Provident Electric, Inc.'s benefits plans covered 238 active participants in 2025, providing health · life · dental · vision · long-term disability · death benefits. Insurance premiums totaled $263,162. Insurance brokers and agents were paid $37,574 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 14.3% of premiums. That is $158 per covered person, below the median for employer plans that report broker pay. Broker pay rose 147% from $15,191 in 2024.