Schumacher Electric Corporationbenefits

Schumacher Electric Corporation's benefits plans covered 69 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $578,953. Insurance brokers and agents were paid $75,159 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 13.0% of premiums. That is $1,089 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 42% from $130,054 in 2023.