Sigma Electric Manufacturing Corporationbenefits

Sigma Electric Manufacturing Corporation's benefits plans covered 389 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $155,796. Insurance brokers and agents were paid $79,652 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 51.1% of premiums. That is $205 per covered person, above the median for employer plans that report broker pay. Broker pay fell 21% from $101,323 in 2023.