Richter Precision, Inc.benefits

Richter Precision, Inc.'s benefits plans covered 138 active participants in 2024, providing life · dental · vision · short-term disability · other. Insurance premiums totaled $40,945. Insurance brokers and agents were paid $10,492 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 25.6% of premiums. That is $76 per covered person, below the median for employer plans that report broker pay. Broker pay fell 25% from $14,015 in 2023.