Richards Industrials, Inc.benefits

Richards Industrials, Inc.'s benefits plans covered 120 active participants in 2024, providing health · life · dental · long-term disability · other. Insurance premiums totaled $1,291,548. Insurance brokers and agents were paid $52,680 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.1% of premiums. That is $439 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 4.7% from $55,276 in 2023.