Smith Industrial Service, Inc.benefits

Smith Industrial Service, Inc.'s benefits plans covered 392 active participants in 2024, providing health · dental. Insurance premiums totaled $2,421,311. Insurance brokers and agents were paid $49,703 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.1% of premiums. That is $127 per covered person, below the median for employer plans that report broker pay. Broker pay rose 30% from $38,333 in 2023.