Schnitzer Steel Industries, Inc.benefits

Schnitzer Steel Industries, Inc.'s benefits plan covered 3,160 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $4,281,302. Insurance brokers and agents were paid $72,807 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 1.7% of premiums. That is $23 per covered person, in the bottom quarter of employer plans that report broker pay.