Savage Arms, Inc.benefits

Savage Arms, Inc.'s benefits plans covered 346 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $22,056. Insurance brokers and agents were paid $12,381 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 $36 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 89% from $107,974 in 2023.