R.A.F. Industries, Inc.benefits

R.A.F. Industries, Inc.'s benefits plans covered 366 active participants in 2024, providing life · dental · vision · short-term disability · other. Insurance premiums totaled $173,635. Insurance brokers and agents were paid $58,580 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 33.7% of premiums. That is $160 per covered person, below the median for employer plans that report broker pay. Broker pay rose 1.8% from $57,533 in 2023.