Richmond Baking Companybenefits

Richmond Baking Company's benefits plans covered 194 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $88,470. Insurance brokers and agents were paid $49,640 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 56.1% of premiums. That is $256 per covered person, above the median for employer plans that report broker pay. Broker pay rose 0.7% from $49,299 in 2023.