Satco Products, Inc.benefits

Satco Products, Inc.'s benefits plans covered 170 active participants in 2024, providing health · life · dental · death benefits. Insurance premiums totaled $108,483. Insurance brokers and agents were paid $125,779 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 115.9% of premiums. That is $740 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 2.0% from $128,370 in 2023.