Security Lock Distributors Inc.benefits

Security Lock Distributors Inc.'s benefits plan covered 257 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $4,591,007. Insurance brokers and agents were paid $102,165 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.2% of premiums. That is $398 per covered person, above the median for employer plans that report broker pay.