Shaw Electric, Inc.benefits

Shaw Electric, Inc.'s benefits plans covered 119 active participants in 2024, providing life · vision · short-term disability · long-term disability. Insurance premiums totaled $1,261,345. Insurance brokers and agents were paid $29,355 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.3% of premiums. That is $247 per covered person, above the median for employer plans that report broker pay. Brokers were paid 8.0x the $3,657 reported for 2023.