Scott Electric Co.benefits

Scott Electric Co.'s benefits plans covered 587 active participants in 2024, providing life. Insurance premiums totaled $45,056. Insurance brokers and agents were paid $65,785 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 146.0% of premiums. That is $112 per covered person, below the median for employer plans that report broker pay. Broker pay fell 23% from $85,654 in 2023.