Republic Steelbenefits

Republic Steel's benefits plan covered 20 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $143,591. Insurance brokers and agents were paid $71,071 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 49.5% of premiums. That is $3,554 per covered person, in the top 10% of employer plans that report broker pay.