Rich Products Corporationbenefits

Rich Products Corporation's benefits plans covered 7,693 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,027,882. Insurance brokers and agents were paid $1,776,777 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 172.9% of premiums. That is $231 per covered person, above the median for employer plans that report broker pay. Broker pay rose 2.4% from $1,734,888 in 2023.