Selway Machine Tool Co., Inc.benefits

Selway Machine Tool Co., Inc.'s benefits plans covered 123 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $90,706. Insurance brokers and agents were paid $112,308 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 123.8% of premiums. That is $913 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 4.9% from $118,135 in 2023.