Republic Wire Inc.benefits

Republic Wire Inc.'s benefits plans covered 143 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits. Insurance premiums totaled $1,563,163. Insurance brokers and agents were paid $51,587 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.3% of premiums. That is $361 per covered person, above the median for employer plans that report broker pay. Broker pay fell 19% from $64,051 in 2023.