Sandvik, Inc.benefits

Sandvik, Inc.'s benefits plans covered 2,609 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,956,657. Insurance brokers and agents were paid $802,083 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 27.1% of premiums. That is $307 per covered person, above the median for employer plans that report broker pay. Broker pay rose 165% from $302,452 in 2023.