Safety Technology Holdings, Inc.benefits

Safety Technology Holdings, Inc.'s benefits plans covered 691 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $307,329. Insurance brokers and agents were paid $94,898 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 30.9% of premiums. That is $137 per covered person, below the median for employer plans that report broker pay. Broker pay rose 27% from $74,678 in 2023.